Riley Exploration Permian, Inc. (NYSE:REPX) CFO Acquires $23,260.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CFO Philip A. Riley purchased 1,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was bought at an average price of $23.26 per share, for a total transaction of $23,260.00. Following the completion of the transaction, the chief financial officer now directly owns 189,172 shares in the company, valued at approximately $4,400,140.72. The trade was a 0.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Riley Exploration Permian Stock Performance

Riley Exploration Permian stock traded down $0.07 on Monday, hitting $23.95. The company’s stock had a trading volume of 93,566 shares, compared to its average volume of 116,430. The company has a fifty day moving average price of $29.81 and a 200-day moving average price of $31.05. The firm has a market cap of $515.04 million, a P/E ratio of 4.25 and a beta of 1.47. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REPX. Charles Schwab Investment Management Inc. raised its holdings in shares of Riley Exploration Permian by 48.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after buying an additional 39,759 shares in the last quarter. FMR LLC boosted its stake in shares of Riley Exploration Permian by 28.1% in the 3rd quarter. FMR LLC now owns 54,215 shares of the company’s stock valued at $1,436,000 after purchasing an additional 11,887 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Riley Exploration Permian by 20.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,031 shares of the company’s stock valued at $1,299,000 after purchasing an additional 8,278 shares in the last quarter. State Street Corp grew its holdings in shares of Riley Exploration Permian by 2.5% in the 3rd quarter. State Street Corp now owns 200,881 shares of the company’s stock worth $5,321,000 after purchasing an additional 4,927 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Riley Exploration Permian by 167.2% during the 3rd quarter. Barclays PLC now owns 17,574 shares of the company’s stock worth $464,000 after purchasing an additional 10,997 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lifted their price objective on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.