Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley Sells 5,500 Shares

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CEO Bobby Riley sold 5,500 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $28.65, for a total value of $157,575.00. Following the transaction, the chief executive officer now owns 414,636 shares in the company, valued at approximately $11,879,321.40. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

Riley Exploration Permian Stock Down 0.7%

Shares of NYSE:REPX traded down $0.21 during trading on Wednesday, hitting $28.18. The stock had a trading volume of 44,316 shares, compared to its average volume of 97,148. The company has a market capitalization of $620.61 million, a PE ratio of 5.00 and a beta of 1.54. 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 firm's fifty day moving average is $26.27 and its 200 day moving average is $29.80. Riley Exploration Permian, Inc. has a 12 month low of $21.98 and a 12 month high of $37.55.

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a yield of 5.39%. Riley Exploration Permian's dividend payout ratio (DPR) is 32.48%.

Hedge Funds Weigh In On Riley Exploration Permian

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Riley Exploration Permian by 93.5% in the 1st quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $27,000 after buying an additional 449 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Riley Exploration Permian in the fourth quarter worth $33,000. Summit Investment Advisors Inc. grew its stake in shares of Riley Exploration Permian by 44.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after acquiring an additional 368 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Riley Exploration Permian by 68.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after acquiring an additional 874 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Riley Exploration Permian in the 4th quarter worth about $77,000. 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.

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