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

Riley Exploration Permian, Inc. (NYSE:REPX) insider Corey Neil Riley sold 3,500 shares of Riley Exploration Permian stock in a transaction dated Friday, August 8th. The stock was 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 trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Riley Exploration Permian Stock Up 4.4%

Shares of Riley Exploration Permian stock opened at $27.01 on Wednesday. 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 stock has a market capitalization of $595.35 million, a PE ratio of 4.79 and a beta of 1.49. Riley Exploration Permian, Inc. has a 52-week low of $21.98 and a 52-week high of $37.55. The company has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $28.02.

Riley Exploration Permian Announces Dividend

The company 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 annualized dividend and a yield of 5.6%. Riley Exploration Permian’s payout ratio is 33.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Riley Exploration Permian by 29.4% in the fourth quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after buying an additional 207,319 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Riley Exploration Permian by 9.7% in the second quarter. American Century Companies Inc. now owns 531,648 shares of the company’s stock worth $13,945,000 after acquiring an additional 47,034 shares during the period. Geode Capital Management LLC grew its stake in shares of Riley Exploration Permian by 14.9% in the second quarter. Geode Capital Management LLC now owns 319,695 shares of the company’s stock worth $8,386,000 after acquiring an additional 41,574 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after acquiring an additional 101,309 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Riley Exploration Permian by 30.3% in the fourth quarter. Northern Trust Corp now owns 127,165 shares of the company’s stock worth $4,059,000 after acquiring an additional 29,549 shares during the period. 58.91% of the stock is 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.