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

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 4,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $28.05, for a total value of $126,225.00. Following the completion of the sale, the chief executive officer now directly owns 420,136 shares in the company, valued at $11,784,814.80. This represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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, 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 value of $418,800.00.
• On Tuesday, April 1st, Bobby Riley sold 2,681 shares of Riley Exploration Permian stock. The shares were sold at an average price of $29.17, for a total value of $78,204.77.

Riley Exploration Permian Stock Up 1.0%

REPX stock traded up $0.28 during mid-day trading on Friday, reaching $28.02. The company had a trading volume of 107,173 shares, compared to its average volume of 102,781. 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 company has a market capitalization of $617.08 million, a price-to-earnings ratio of 4.97 and a beta of 1.54. The firm has a fifty day simple moving average of $26.48 and a 200 day simple moving average of $29.66. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Thursday, April 24th. Riley Exploration Permian's dividend payout ratio (DPR) is presently 32.48%.

Institutional Investors Weigh In On Riley Exploration Permian

Several hedge funds and other institutional investors have recently made changes to their positions in REPX. GAMMA Investing LLC raised its position in shares of Riley Exploration Permian by 93.5% during the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $27,000 after acquiring an additional 449 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Riley Exploration Permian during the 4th quarter worth about $33,000. Summit Investment Advisors Inc. raised its position in shares of Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after acquiring an additional 368 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock worth $61,000 after acquiring an additional 874 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Riley Exploration Permian during the 4th quarter worth about $77,000. Institutional investors and hedge funds 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.