Riley Exploration Permian (NYSE:REPX) Shares Down 4.3% - What's Next?

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) shares traded down 4.3% on Wednesday . The company traded as low as $26.32 and last traded at $26.40. 55,599 shares changed hands during trading, a decline of 47% from the average session volume of 105,418 shares. The stock had previously closed at $27.58.

Riley Exploration Permian Stock Up 1.0%

The business's fifty day moving average is $26.02 and its two-hundred day moving average is $30.30. The company has a market cap of $587.57 million, a P/E ratio of 4.73 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were issued a dividend of $0.38 per share. 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 5.70%. Riley Exploration Permian's payout ratio is 32.48%.

Insider Activity at Riley Exploration Permian

In other news, CFO Philip A. Riley sold 1,759 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total value of $51,310.03. Following the completion of the sale, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Corey Neil Riley sold 1,537 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.17, for a total transaction of $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares of the company's stock, valued at approximately $5,358,529. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,477 shares of company stock worth $688,839 in the last 90 days. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Riley Exploration Permian

Several large investors have recently modified their holdings of REPX. GAMMA Investing LLC raised its holdings 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 valued at $27,000 after purchasing an additional 449 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Riley Exploration Permian during the 4th quarter worth approximately $33,000. Summit Investment Advisors Inc. boosted its holdings in shares of Riley Exploration Permian by 44.8% in 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 last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Riley Exploration Permian by 68.5% in 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Riley Exploration Permian in the 4th quarter valued at $77,000. 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.