Riley Exploration Permian, Inc. (NYSE:REPX) Insider Corey Neil Riley Sells 1,537 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 1,537 shares of Riley Exploration Permian stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares in the company, valued at approximately $5,358,529. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Corey Neil Riley also recently made the following trade(s):

• On Monday, March 10th, Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $27.34, for a total value of $95,690.00.

Riley Exploration Permian Price Performance

Shares of NYSE REPX traded down $2.37 during midday trading on Thursday, reaching $27.63. 82,675 shares of the stock traded hands, compared to its average volume of 126,409. The company’s 50 day moving average is $31.43 and its 200 day moving average is $31.21. Riley Exploration Permian, Inc. has a one year low of $23.14 and a one year high of $37.55. The stock has a market capitalization of $594.18 million, a PE ratio of 4.90 and a beta of 1.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.52 annualized dividend and a yield of 5.50%. Riley Exploration Permian’s dividend payout ratio (DPR) is currently 35.68%.

Analyst Ratings Changes

Separately, Truist Financial increased their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, January 13th.

Institutional Trading of Riley Exploration Permian

A number of large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Riley Exploration Permian by 48.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company’s stock worth $3,215,000 after acquiring an additional 39,759 shares in the last quarter. FMR LLC increased its position in Riley Exploration Permian by 28.1% during the third quarter. FMR LLC now owns 54,215 shares of the company’s stock valued at $1,436,000 after acquiring an additional 11,887 shares during 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% during 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 worth $1,299,000 after purchasing an additional 8,278 shares during the period. State Street Corp grew its holdings in Riley Exploration Permian by 2.5% during the 3rd quarter. State Street Corp now owns 200,881 shares of the company’s stock valued at $5,321,000 after purchasing an additional 4,927 shares during the last quarter. Finally, Barclays PLC raised its position in Riley Exploration Permian by 167.2% in 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 during the period. 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.