Riley Exploration Permian (NYSE:REPX) Stock Price Up 1.9%

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report)'s share price rose 1.9% on Wednesday . The stock traded as high as $30.20 and last traded at $29.75. Approximately 111,134 shares changed hands during trading, a decline of 6% from the average daily volume of 118,457 shares. The stock had previously closed at $29.20.

Riley Exploration Permian Stock Performance

The company's 50-day moving average price is $26.52 and its two-hundred day moving average price is $27.04. The stock has a market cap of $612 million, a PE ratio of 5.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.67.

Riley Exploration Permian (NYSE:REPX - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.91). Riley Exploration Permian had a net margin of 29.75% and a return on equity of 25.08%. The firm had revenue of $99.83 million for the quarter, compared to analysts' expectations of $94.77 million. On average, equities research analysts forecast that Riley Exploration Permian, Inc. will post 6.89 EPS for the current year.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Thursday, January 25th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.80%. The ex-dividend date was Wednesday, January 24th. Riley Exploration Permian's dividend payout ratio is currently 25.81%.

Insiders Place Their Bets

In related news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of Riley Exploration Permian stock in a transaction on Monday, April 8th. The shares were sold at an average price of $25.52, for a total value of $17,864,000.00. Following the transaction, the insider now owns 4,521,767 shares in the company, valued at approximately $115,395,493.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $25.52, for a total transaction of $17,864,000.00. Following the transaction, the insider now directly owns 4,521,767 shares in the company, valued at approximately $115,395,493.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Riley Exploration Group, Llc sold 18,315 shares of Riley Exploration Permian stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $23.26, for a total value of $426,006.90. Following the completion of the transaction, the insider now directly owns 2,214,565 shares in the company, valued at $51,510,781.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 782,661 shares of company stock valued at $19,826,144. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Riley Exploration Permian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in shares of Riley Exploration Permian in the third quarter valued at about $25,000. Advisor Group Holdings Inc. bought a new stake in shares of Riley Exploration Permian in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC increased its holdings in Riley Exploration Permian by 109.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 710 shares of the company's stock valued at $27,000 after purchasing an additional 371 shares during the period. Strs Ohio raised its position in Riley Exploration Permian by 300.0% during the 4th quarter. Strs Ohio now owns 1,200 shares of the company's stock valued at $32,000 after purchasing an additional 900 shares during the last quarter. Finally, FMR LLC lifted its holdings in Riley Exploration Permian by 68.7% in the 2nd quarter. FMR LLC now owns 1,331 shares of the company's stock worth $32,000 after buying an additional 542 shares during the period. 58.91% of the stock is currently owned by institutional investors.

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.