Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 9,195 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $25.12, for a total transaction of $230,978.40. Following the transaction, the director now owns 46,310 shares in the company, valued at $1,163,307.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Riley Exploration Permian Trading Up 0.5 %
Shares of NYSE REPX opened at $23.82 on Friday. The company’s 50 day simple moving average is $25.74 and its 200 day simple moving average is $26.25. Riley Exploration Permian, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $36.00. The firm has a market capitalization of $473.30 million, a P/E ratio of 6.84 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.49 and a quick ratio of 0.49.
Riley Exploration Permian Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Monday, July 25th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, July 22nd. This represents a $1.24 annualized dividend and a yield of 5.21%. Riley Exploration Permian’s dividend payout ratio (DPR) is presently 35.63%.
Analyst Ratings Changes
Institutional Investors Weigh In On Riley Exploration Permian
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Riley Exploration Permian by 233.4% in the first quarter. California State Teachers Retirement System now owns 4,521 shares of the company’s stock worth $113,000 after purchasing an additional 3,165 shares during the period. Lazard Asset Management LLC acquired a new stake in Riley Exploration Permian in the first quarter worth $48,000. FMR LLC raised its holdings in Riley Exploration Permian by 68.7% in the second quarter. FMR LLC now owns 1,331 shares of the company’s stock worth $32,000 after purchasing an additional 542 shares during the period. Kennedy Capital Management Inc. raised its holdings in Riley Exploration Permian by 50.1% in the second quarter. Kennedy Capital Management Inc. now owns 87,828 shares of the company’s stock worth $2,124,000 after purchasing an additional 29,323 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Riley Exploration Permian in the second quarter worth $193,000. 50.87% 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 San Andres Formation, a shelf margin deposit on the Central Basin Platform and Northwest Shelf.
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