Riley Exploration Permian, Inc. (NYSE:REPX) Insider Corey Neil Riley Sells 3,500 Shares

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 firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $26.42, for a total transaction of $92,470.00. Following the completion of the transaction, the insider directly owned 176,700 shares of the company's stock, valued at $4,668,414. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Riley Exploration Permian Trading Down 1.3%

REPX stock traded down $0.34 during trading on Monday, hitting $26.03. The company had a trading volume of 43,532 shares, compared to its average volume of 105,251. The stock has a market cap of $573.64 million, a PE ratio of 4.61 and a beta of 1.49. Riley Exploration Permian, Inc. has a one year low of $21.98 and a one year high of $37.55. The business has a 50-day moving average of $26.98 and a 200-day moving average of $28.09. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.52 annualized dividend and a dividend yield of 5.8%. Riley Exploration Permian's payout ratio is 33.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bailard Inc. grew its stake in Riley Exploration Permian by 11.2% during the 2nd quarter. Bailard Inc. now owns 9,500 shares of the company's stock worth $249,000 after buying an additional 958 shares during the last quarter. Geode Capital Management LLC raised its position in Riley Exploration Permian by 14.9% in the 2nd quarter. Geode Capital Management LLC now owns 319,695 shares of the company's stock valued at $8,386,000 after purchasing an additional 41,574 shares in the last quarter. Ellevest Inc. lifted its holdings in Riley Exploration Permian by 18.9% during the 2nd quarter. Ellevest Inc. now owns 13,276 shares of the company's stock worth $348,000 after buying an additional 2,110 shares during the last quarter. AlphaQuest LLC raised its stake in Riley Exploration Permian by 73.6% during the 2nd quarter. AlphaQuest LLC now owns 18,877 shares of the company's stock valued at $495,000 after acquiring an additional 8,006 shares during the last quarter. Finally, Ethic Inc. grew its holdings in shares of Riley Exploration Permian by 35.0% in the 2nd quarter. Ethic Inc. now owns 16,097 shares of the company's stock worth $430,000 after acquiring an additional 4,177 shares during the period. 58.91% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.