Riley Exploration Permian, Inc. (NYSE:REPX) Insider Sells $92,470.00 in Stock

Key Points

• Insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian at an average price of $26.42, resulting in a total transaction value of $92,470, reducing his ownership by 1.94%.
• The company announced a quarterly dividend of $0.38 per share, representing a 5.8% dividend yield, with an annual payout ratio of 33.55%.
• Riley Exploration's stock price decreased by 1.3%, trading at $26.03 with a market cap of $573.64 million and a PE ratio of 4.61.

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) insider Corey Neil Riley sold 3,500 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $26.42, for a total value of $92,470.00. Following the completion of the sale, the insider owned 176,700 shares in the company, valued at approximately $4,668,414. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Riley Exploration Permian Stock Down 1.8%

Shares of NYSE:REPX traded down $0.49 during mid-day trading on Friday, hitting $26.75. 265,459 shares of the company traded hands, compared to its average volume of 107,097. The stock has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $27.93. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55. The stock has a market cap of $589.62 million, a P/E ratio of 4.74 and a beta of 1.49.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 24th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.7%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 33.55%.

Hedge Funds Weigh In On Riley Exploration Permian

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in 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 acquiring an additional 449 shares during the last quarter. 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 in the last quarter. DekaBank Deutsche Girozentrale grew its stake 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 worth $61,000 after purchasing an additional 874 shares in the last quarter. State of Wyoming purchased a new stake in Riley Exploration Permian in the first quarter valued at $102,000. Finally, UNC Management Company Inc. purchased a new stake in Riley Exploration Permian in the fourth quarter valued at $120,000. 58.91% of the stock is currently owned by hedge funds and other 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.