Insider Selling: Riley Exploration Permian, Inc. (NYSE:REPX) CEO Sells 4,500 Shares of Stock

Riley Exploration Permian, Inc. (NYSE:REPX) CEO Bobby Riley sold 4,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $28.05, for a total transaction of $126,225.00. Following the completion of the transaction, the chief executive officer now owns 420,136 shares in the company, valued at $11,784,814.80. This trade represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bobby Riley also recently made the following trade(s):

• On Tuesday, June 17th, Bobby Riley sold 5,500 shares of Riley Exploration Permian stock. The stock was sold at an average price of $28.65, for a total transaction of $157,575.00.
• On Monday, May 12th, Bobby Riley sold 15,000 shares of Riley Exploration Permian stock. The stock was 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 shares were sold at an average price of $29.17, for a total value of $78,204.77.

Riley Exploration Permian Trading Down 2.3%

Shares of Riley Exploration Permian stock opened at $27.74 on Thursday. Riley Exploration Permian, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $37.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $29.78. The company has a market cap of $610.92 million, a P/E ratio of 4.92 and a beta of 1.54.

Riley Exploration Permian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were paid 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 5.48%. Riley Exploration Permian’s dividend payout ratio is currently 32.48%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC acquired a new stake in shares of Riley Exploration Permian in the first quarter valued at about $253,000. Strs Ohio acquired a new stake in Riley Exploration Permian in the 1st quarter valued at $201,000. Jane Street Group LLC purchased a new position in Riley Exploration Permian in the 1st quarter valued at about $431,000. Empowered Funds LLC raised its position in shares of Riley Exploration Permian by 1.8% in the 1st quarter. Empowered Funds LLC now owns 31,549 shares of the company’s stock valued at $920,000 after purchasing an additional 562 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Riley Exploration Permian during the first quarter valued at approximately $249,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

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.