Riley Exploration Permian (NYSE:REPX) Hits New 12-Month Low – Time to Sell?

Shares of Riley Exploration Permian, Inc. (NYSE:REPX) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.36 and last traded at $24.10, with a volume of 24742 shares trading hands. The stock had previously closed at $24.47.

Analysts Set New Price Targets

Separately, Truist Financial raised their target price 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 Trading Down 0.4 %

The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $31.08 and its 200-day moving average price is $31.23. The firm has a market cap of $524.08 million, a price-to-earnings ratio of 4.32 and a beta of 1.47.

Riley Exploration Permian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 6.24%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.68%.

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CFO Philip A. Riley sold 1,759 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $51,310.03. Following the completion of the sale, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.37, for a total value of $500,550.00. Following the transaction, the chief executive officer now owns 296,375 shares in the company, valued at approximately $9,890,033.75. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,477 shares of company stock valued at $770,589 over the last ninety days. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Riley Exploration Permian

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Riley Exploration Permian by 29.4% during the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after purchasing an additional 207,319 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Riley Exploration Permian by 50.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after buying an additional 101,309 shares during the last quarter. American Century Companies Inc. raised its position in shares of Riley Exploration Permian by 35.5% during the 4th quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock valued at $12,300,000 after buying an additional 100,891 shares during the period. Prudential Financial Inc. lifted its holdings in Riley Exploration Permian by 304.6% in the fourth quarter. Prudential Financial Inc. now owns 63,361 shares of the company’s stock valued at $2,022,000 after acquiring an additional 47,702 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Riley Exploration Permian by 20.8% in the third quarter. Geode Capital Management LLC now owns 237,996 shares of the company’s stock worth $6,306,000 after acquiring an additional 41,020 shares during the period. Hedge funds and other institutional investors own 58.91% of the company’s stock.

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.