Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 4,187 shares of the company's stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $24.59, for a total transaction of $102,958.33. Following the completion of the transaction, the director now owns 35,890 shares in the company, valued at $882,535.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Riley Exploration Permian Price Performance
Shares of REPX opened at $23.82 on Monday. Riley Exploration Permian, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $36.00. The firm's 50 day moving average price is $25.74 and its 200 day moving average price is $26.21. The company has a market cap of $473.21 million, a P/E ratio of 6.84 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.24.
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Riley Exploration Permian Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Monday, July 25th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Friday, July 22nd. Riley Exploration Permian's payout ratio is currently 35.63%.
Institutional Investors Weigh In On Riley Exploration Permian
Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Riley Exploration Permian by 68.7% during the 2nd quarter. FMR LLC now owns 1,331 shares of the company's stock worth $32,000 after buying an additional 542 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Riley Exploration Permian in the 1st quarter valued at approximately $48,000. California State Teachers Retirement System increased its position in shares of Riley Exploration Permian by 233.4% in the 1st quarter. California State Teachers Retirement System now owns 4,521 shares of the company's stock valued at $113,000 after purchasing an additional 3,165 shares during the last quarter. Strs Ohio increased its position in shares of Riley Exploration Permian by 700.0% in the 2nd quarter. Strs Ohio now owns 4,800 shares of the company's stock valued at $116,000 after purchasing an additional 4,200 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Riley Exploration Permian by 300.5% in the 1st quarter. American International Group Inc. now owns 5,254 shares of the company's stock valued at $132,000 after purchasing an additional 3,942 shares during the last quarter. 50.87% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. TheStreet lowered shares of Riley Exploration Permian from a "c" rating to a "d" rating in a report on Monday, August 29th. Truist Financial decreased their price objective on shares of Riley Exploration Permian from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, May 16th.
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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