Riley Exploration Permian, Inc. (NYSE:REPX) Shares Sold by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC reduced its position in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,590 shares of the company's stock after selling 10,544 shares during the period. PCG Wealth Advisors LLC owned 0.44% of Riley Exploration Permian worth $2,759,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Bailard Inc. purchased a new position in Riley Exploration Permian during the first quarter valued at approximately $249,000. Segall Bryant & Hamill LLC raised its holdings in Riley Exploration Permian by 16.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 70,187 shares of the company's stock worth $2,047,000 after purchasing an additional 9,864 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Riley Exploration Permian by 4.9% in the 1st quarter. Victory Capital Management Inc. now owns 45,122 shares of the company's stock worth $1,316,000 after buying an additional 2,111 shares during the period. CWM LLC grew its position in Riley Exploration Permian by 13.0% during the 1st quarter. CWM LLC now owns 4,221 shares of the company's stock valued at $123,000 after purchasing an additional 486 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after purchasing an additional 874 shares during the last quarter. 58.91% of the stock is owned by institutional investors.

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $27.92, for a total transaction of $418,800.00. Following the completion of the transaction, the chief executive officer directly owned 424,636 shares in the company, valued at approximately $11,855,837.12. This represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 25,000 shares of company stock valued at $702,600 over the last three months. Insiders own 4.70% of the company's stock.

Riley Exploration Permian Price Performance

REPX traded up $0.28 during trading on Tuesday, reaching $26.68. 114,620 shares of the company traded hands, compared to its average volume of 101,698. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55. The firm has a fifty day simple moving average of $27.03 and a 200 day simple moving average of $28.93. The company has a market cap of $587.57 million, a P/E ratio of 4.73 and a beta of 1.52.

Riley Exploration Permian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Thursday, July 24th. Riley Exploration Permian's payout ratio is presently 32.48%.

Riley Exploration Permian 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.