Riley Exploration Permian (NYSE:REPX) Trading Down 4.3% - Here's Why

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) shares traded down 4.3% on Wednesday . The stock traded as low as $26.32 and last traded at $26.40. 55,599 shares were traded during mid-day 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 Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average price is $25.91 and its two-hundred day moving average price is $30.19. The stock has a market cap of $596.82 million, a PE ratio of 4.80 and a beta of 1.54.

Riley Exploration Permian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were issued a $0.38 dividend. The ex-dividend date was Thursday, April 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.61%. Riley Exploration Permian's dividend payout ratio is presently 32.48%.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.92, for a total transaction of $418,800.00. Following the transaction, the chief executive officer now directly owns 424,636 shares of the company's stock, valued at $11,855,837.12. This represents a 3.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Corey Neil Riley sold 1,537 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the completion of the sale, the insider now directly 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 three months. 4.70% of the stock is owned by insiders.

Institutional Trading of Riley Exploration Permian

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in 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 acquiring an additional 449 shares during the period. New York State Teachers Retirement System purchased a new position in Riley Exploration Permian in the fourth quarter valued at $33,000. Summit Investment Advisors Inc. raised its holdings in Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after purchasing an additional 368 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Riley Exploration Permian by 68.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,150 shares of the company's stock valued at $61,000 after buying an additional 874 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Riley Exploration Permian during the 4th quarter worth approximately $77,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

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.