Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells $390,150.00 in 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 company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $26.01, for a total value of $390,150.00. Following the completion of the transaction, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 value 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 value of $126,225.00.

Riley Exploration Permian Stock Performance

Shares of REPX stock traded down $0.49 on Friday, hitting $26.75. 265,459 shares of the stock traded hands, compared to its average volume of 107,097. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $589.62 million, a PE ratio of 4.74 and a beta of 1.49. Riley Exploration Permian, Inc. has a 1-year low of $21.98 and a 1-year high of $37.55. The company's fifty day moving average is $26.99 and its 200 day moving average is $27.93.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 24th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, July 24th. Riley Exploration Permian's dividend payout ratio is currently 33.55%.

Institutional Investors Weigh In On Riley Exploration Permian

Several institutional investors and hedge funds have recently made changes to their positions in REPX. Vanguard Group Inc. lifted its stake in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company's stock valued at $29,112,000 after buying an additional 207,319 shares during the last quarter. American Century Companies Inc. lifted its stake in Riley Exploration Permian by 9.7% in the second quarter. American Century Companies Inc. now owns 531,648 shares of the company's stock valued at $13,945,000 after buying an additional 47,034 shares during the last quarter. Geode Capital Management LLC lifted its stake in Riley Exploration Permian by 14.9% in the second quarter. Geode Capital Management LLC now owns 319,695 shares of the company's stock valued at $8,386,000 after buying an additional 41,574 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock valued at $9,691,000 after buying an additional 101,309 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in Riley Exploration Permian by 8.2% in the second quarter. Kennedy Capital Management LLC now owns 216,141 shares of the company's stock valued at $5,669,000 after buying an additional 16,441 shares during the last quarter. 58.91% of the stock is owned by institutional investors and hedge funds.

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.