Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 1,300 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $23.47, for a total value of $30,511.00. Following the completion of the transaction, the director now owns 32,475 shares in the company, valued at $762,188.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Riley Exploration Permian Stock Performance

REPX stock opened at $24.15 on Tuesday. Riley Exploration Permian, Inc. has a twelve month low of $15.53 and a twelve month high of $36.00. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.24. The company has a market cap of $479.86 million, a P/E ratio of 5.85 and a beta of 0.96. The business's fifty day moving average is $25.74 and its 200-day moving average is $26.14.

Riley Exploration Permian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 8th. Shareholders of record on Monday, July 25th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date was Friday, July 22nd. Riley Exploration Permian's dividend payout ratio (DPR) is currently 35.63%.

Analyst Ratings Changes

Institutional Trading of Riley Exploration Permian

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its holdings in Riley Exploration Permian by 55.9% during the second quarter. State Street Corp now owns 164,294 shares of the company's stock valued at $3,973,000 after purchasing an additional 58,896 shares during the period. Citadel Advisors LLC acquired a new position in shares of Riley Exploration Permian in the 2nd quarter valued at $1,154,000. FMR LLC increased its position in shares of Riley Exploration Permian by 68.7% in the 2nd quarter. FMR LLC now owns 1,331 shares of the company's stock valued at $32,000 after buying an additional 542 shares in the last quarter. Rhumbline Advisers increased its position in shares of Riley Exploration Permian by 14.4% in the 2nd quarter. Rhumbline Advisers now owns 12,639 shares of the company's stock valued at $306,000 after buying an additional 1,593 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in Riley Exploration Permian by 50.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 87,828 shares of the company's stock worth $2,124,000 after buying an additional 29,323 shares during the period. 50.87% of the stock is owned by institutional investors.

About Riley Exploration Permian

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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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