Bobby Riley Sells 8,981 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 8,981 shares of Riley Exploration Permian stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $26.49, for a total transaction of $237,906.69. Following the sale, the chief executive officer now owns 326,375 shares of the company’s stock, valued at $8,645,673.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 27th, Bobby Riley sold 6,302 shares of Riley Exploration Permian stock. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04.
• 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 transaction of $420,000.00.

Riley Exploration Permian Price Performance

Shares of REPX opened at $26.79 on Wednesday. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $34.90. The stock has a market cap of $578.13 million, a PE ratio of 5.45 and a beta of 1.34. The firm has a 50-day simple moving average of $27.10 and a two-hundred day simple moving average of $27.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.58.

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

Riley Exploration Permian Announces Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of Riley Exploration Permian by 95.5% in the second quarter. Renaissance Technologies LLC now owns 139,000 shares of the company’s stock valued at $3,935,000 after purchasing an additional 67,900 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Riley Exploration Permian by 77.2% in the first quarter. First Eagle Investment Management LLC now owns 176,564 shares of the company’s stock valued at $5,827,000 after purchasing an additional 76,932 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Riley Exploration Permian in the second quarter valued at approximately $1,856,000. Swiss National Bank grew its holdings in shares of Riley Exploration Permian by 20.5% in the fourth quarter. Swiss National Bank now owns 15,900 shares of the company’s stock valued at $433,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Riley Exploration Permian by 56.5% in the second quarter. Bailard Inc. now owns 27,977 shares of the company’s stock valued at $792,000 after purchasing an additional 10,100 shares in the last quarter. Institutional investors and hedge funds own 58.91% of the company’s stock.

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.