Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley Sells 6,302 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 6,302 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $26.52, for a total value of $167,129.04. Following the sale, the chief executive officer now owns 335,356 shares of the company’s stock, valued at $8,893,641.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bobby Riley also recently made the following trade(s):

• On Tuesday, October 1st, Bobby Riley sold 8,981 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.49, for a total value of $237,906.69.
• On Thursday, July 11th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.00, for a total value of $420,000.00.

Riley Exploration Permian Price Performance

Shares of REPX stock opened at $26.79 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.62. Riley Exploration Permian, Inc. has a twelve month low of $21.27 and a twelve month high of $34.90. The company has a market cap of $578.13 million, a P/E ratio of 5.45 and a beta of 1.34. The business has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $27.84.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.13). Riley Exploration Permian had a return on equity of 25.74% and a net margin of 23.95%. The business had revenue of $105.40 million for the quarter, compared to the consensus estimate of $106.62 million. On average, sell-side analysts forecast that Riley Exploration Permian, Inc. will post 6.62 EPS for the current fiscal year.

Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, July 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.38%. Riley Exploration Permian’s dividend payout ratio is currently 29.27%.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on Riley Exploration Permian from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Monday.

Institutional Trading of Riley Exploration Permian

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its position in Riley Exploration Permian by 1,191.7% in the second quarter. CWM LLC now owns 1,240 shares of the company’s stock valued at $35,000 after purchasing an additional 1,144 shares during the last quarter. Ariadne Wealth Management LP bought a new position in Riley Exploration Permian in the second quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Riley Exploration Permian in the second quarter valued at about $39,000. Point72 DIFC Ltd bought a new position in Riley Exploration Permian in the second quarter valued at about $51,000. Finally, Quest Partners LLC raised its position in Riley Exploration Permian by 38.6% in the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock valued at $108,000 after purchasing an additional 1,062 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors.

About Riley Exploration Permian

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.