Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 5,500 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 5,500 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $28.65, for a total value of $157,575.00. Following the completion of the sale, the chief executive officer now owns 414,636 shares of the company's stock, valued at approximately $11,879,321.40. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bobby Riley also recently made the following trade(s):

• On Monday, June 16th, Bobby Riley sold 4,500 shares of Riley Exploration Permian stock. The shares were sold at an average price of $28.05, for a total value of $126,225.00.
• 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 Trading Up 1.0%

Shares of NYSE REPX traded up $0.28 during mid-day trading on Friday, reaching $28.02. 107,173 shares of the company's stock were exchanged, compared to its average volume of 102,781. The firm has a market capitalization of $617.08 million, a price-to-earnings ratio of 4.97 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, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55. The company's 50-day moving average is $26.48 and its 200-day moving average is $29.66.

Riley Exploration Permian Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's dividend payout ratio is presently 32.48%.

Hedge Funds Weigh In On Riley Exploration Permian

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings 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 purchasing an additional 449 shares during the period. New York State Teachers Retirement System purchased a new position in Riley Exploration Permian during the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. boosted its holdings in Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after acquiring an additional 368 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Riley Exploration Permian by 68.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after acquiring an additional 874 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Riley Exploration Permian during the 4th quarter valued at about $77,000. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

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.