Bobby Riley Sells 15,000 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Key Points

• Bobby Riley, CEO of Riley Exploration Permian, Inc., sold 15,000 shares at an average price of $26.01, totaling approximately $390,150, resulting in a 3.62% decrease in his ownership of the company's stock.
• The company recently declared a quarterly dividend of $0.38, providing a dividend yield of 5.6%, and has a payout ratio of 33.55%.
• Riley Exploration Permian's stock price is currently at $27.02, with a market capitalization of $595.57 million and a price-to-earnings ratio of 4.79.

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $26.01, for a total transaction of $390,150.00. Following the completion of the transaction, the chief executive officer owned 399,636 shares of the company's stock, valued at approximately $10,394,532.36. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, June 17th, Bobby Riley sold 5,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.65, for a total transaction of $157,575.00.
• On Monday, June 16th, Bobby Riley sold 4,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.05, for a total transaction of $126,225.00.

Riley Exploration Permian Stock Performance

Shares of REPX traded up $1.15 during trading hours on Tuesday, hitting $27.02. The stock had a trading volume of 63,128 shares, compared to its average volume of 105,445. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a 50-day moving average price of $26.97 and a 200 day moving average price of $28.03. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The firm has a market capitalization of $595.57 million, a price-to-earnings ratio of 4.79 and a beta of 1.49.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian's payout ratio is currently 33.55%.

Hedge Funds Weigh In On Riley Exploration Permian

A number of large investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its position in shares of Riley Exploration Permian by 44.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after buying an additional 368 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Riley Exploration Permian by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 28,067 shares of the company's stock valued at $819,000 after buying an additional 434 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Riley Exploration Permian by 93.5% in the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after buying an additional 449 shares during the last quarter. CWM LLC raised its position in shares of Riley Exploration Permian by 13.0% in the first quarter. CWM LLC now owns 4,221 shares of the company's stock valued at $123,000 after buying an additional 486 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Riley Exploration Permian by 1.8% in the first quarter. Empowered Funds LLC now owns 31,549 shares of the company's stock valued at $920,000 after buying an additional 562 shares during the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.