Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 4,500 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 4,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $28.05, for a total transaction of $126,225.00. Following the completion of the sale, the chief executive officer now owns 420,136 shares in the company, valued at approximately $11,784,814.80. The trade was a 1.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $28.65, for a total transaction of $157,575.00.
• On Monday, May 12th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The shares were sold at an average price of $27.92, for a total transaction of $418,800.00.
• On Tuesday, April 1st, Bobby Riley sold 2,681 shares of Riley Exploration Permian stock. The stock was sold at an average price of $29.17, for a total value of $78,204.77.

Riley Exploration Permian Price Performance

Riley Exploration Permian stock traded down $0.21 during trading hours on Wednesday, hitting $28.18. 44,316 shares of the stock were exchanged, compared to its average volume of 97,148. The business's 50-day moving average is $26.27 and its two-hundred day moving average is $29.80. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55. The stock has a market capitalization of $620.61 million, a P/E ratio of 5.00 and a beta of 1.54. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.39%. The ex-dividend date was Thursday, April 24th. Riley Exploration Permian's payout ratio is presently 32.48%.

Institutional Trading of Riley Exploration Permian

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund grew its holdings in shares of Riley Exploration Permian by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 32,644 shares of the company's stock valued at $1,042,000 after buying an additional 10,200 shares during the period. Dimensional Fund Advisors LP lifted its stake 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. grew its position in shares of Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company's stock valued at $12,300,000 after purchasing an additional 100,891 shares during the last quarter. Northern Trust Corp grew its position in shares of Riley Exploration Permian by 30.3% during the 4th quarter. Northern Trust Corp now owns 127,165 shares of the company's stock worth $4,059,000 after purchasing an additional 29,549 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Riley Exploration Permian by 29.4% in 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. 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.

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