Riley Exploration Permian, Inc. (NYSE:REPX) CFO Sells $51,310.03 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CFO Philip A. Riley sold 1,759 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $51,310.03. Following the completion of the transaction, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Riley Exploration Permian Stock Performance

NYSE:REPX traded down $1.59 during mid-day trading on Tuesday, hitting $22.78. 125,176 shares of the company traded hands, compared to its average volume of 119,786. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The stock's fifty day moving average price is $30.91 and its 200-day moving average price is $31.21. The firm has a market cap of $489.88 million, a price-to-earnings ratio of 4.04 and a beta of 1.47. Riley Exploration Permian, Inc. has a one year low of $22.26 and a one year high of $37.55.

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 6.67%. Riley Exploration Permian's payout ratio is 35.68%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their target price on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the company a "buy" rating in a report on Monday, January 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REPX. GAMMA Investing LLC lifted its position in shares of Riley Exploration Permian by 5,545.6% in the first quarter. GAMMA Investing LLC now owns 27,099 shares of the company's stock valued at $790,000 after acquiring an additional 26,619 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Riley Exploration Permian by 10.2% in the 4th quarter. California State Teachers Retirement System now owns 9,199 shares of the company's stock worth $294,000 after purchasing an additional 853 shares in the last quarter. JT Stratford LLC purchased a new position in Riley Exploration Permian in the 4th quarter worth approximately $274,000. Trustees of Columbia University in the City of New York purchased a new stake in Riley Exploration Permian during the 4th quarter valued at approximately $239,000. Finally, Man Group plc bought a new stake in shares of Riley Exploration Permian during the fourth quarter valued at approximately $557,000. Hedge funds and other institutional investors 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.