Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) was down 7.2% on Wednesday . The stock traded as low as $23.93 and last traded at $24.06. Approximately 196,122 shares changed hands during trading, an increase of 49% from the average daily volume of 131,427 shares. The stock had previously closed at $25.93.
Riley Exploration Permian Trading Down 5.7 %
The company has a market cap of $596.85 million, a price-to-earnings ratio of 4.38 and a beta of 1.26. The company's fifty day moving average price is $28.16 and its two-hundred day moving average price is $26.81. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.
Riley Exploration Permian (NYSE:REPX - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.91). Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. The firm had revenue of $99.83 million for the quarter, compared to analyst estimates of $94.77 million. Research analysts expect that Riley Exploration Permian, Inc. will post 7.14 earnings per share for the current year.
Riley Exploration Permian Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.44 annualized dividend and a dividend yield of 5.89%. Riley Exploration Permian's dividend payout ratio (DPR) is currently 25.81%.
Insider Activity
In other news, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $25.52, for a total transaction of $17,864,000.00. Following the sale, the insider now directly owns 4,521,767 shares of the company's stock, valued at $115,395,493.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total value of $423,150.00. Following the transaction, the chief executive officer now directly owns 364,198 shares of the company's stock, valued at $10,274,025.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 shares were sold at an average price of $25.52, for a total transaction of $17,864,000.00. Following the completion of the transaction, the insider now directly owns 4,521,767 shares in the company, valued at $115,395,493.84. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Riley Exploration Permian
A number of hedge funds and other institutional investors have recently bought and sold shares of REPX. First Eagle Investment Management LLC bought a new position in shares of Riley Exploration Permian during the fourth quarter worth $2,714,000. Jackson Hole Capital Partners LLC boosted its position in shares of Riley Exploration Permian by 17.4% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 449,925 shares of the company's stock worth $12,256,000 after purchasing an additional 66,621 shares in the last quarter. Algert Global LLC bought a new position in shares of Riley Exploration Permian during the third quarter worth $999,000. D.A. Davidson & CO. bought a new position in shares of Riley Exploration Permian during the third quarter worth $383,000. Finally, Jump Financial LLC bought a new position in shares of Riley Exploration Permian during the fourth quarter worth $248,000. 58.91% of the stock is owned by institutional investors.
About Riley Exploration Permian
(
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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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