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Riley Exploration Permian, Inc. (NYSE:REPX) Director Sells $105,205.24 in Stock

kopsource · Sep 9, 2022 13:02

Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 4,333 shares of the business's stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $24.28, for a total value of $105,205.24. Following the completion of the sale, the director now owns 40,077 shares in the company, valued at approximately $973,069.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Riley Exploration Permian Stock Up 1.1 %

NYSE REPX traded up $0.27 during trading hours on Friday, hitting $23.98. 86 shares of the company were exchanged, compared to its average volume of 25,289. The company has a 50 day moving average of $25.74 and a two-hundred day moving average of $26.32. The firm has a market cap of $476.48 million, a price-to-earnings ratio of 6.90 and a beta of 0.96. Riley Exploration Permian, Inc. has a 52-week low of $15.53 and a 52-week 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.

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Riley Exploration Permian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, July 25th were given a dividend of $0.31 per share. The ex-dividend date was Friday, July 22nd. This represents a $1.24 annualized dividend and a dividend yield of 5.17%. Riley Exploration Permian's dividend payout ratio is currently 35.63%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on REPX. Truist Financial cut their price objective on Riley Exploration Permian from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, May 16th. TheStreet downgraded Riley Exploration Permian from a "c" rating to a "d" rating in a report on Monday, August 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in REPX. California State Teachers Retirement System boosted 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 period. Lazard Asset Management LLC acquired a new stake in shares of Riley Exploration Permian in the 1st quarter valued at about $48,000. FMR LLC boosted 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 purchasing an additional 542 shares during the period. Kennedy Capital Management Inc. boosted its position in shares of Riley Exploration Permian by 50.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 87,828 shares of the company's stock valued at $2,124,000 after purchasing an additional 29,323 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at about $193,000. 50.87% of the stock is owned by institutional investors and hedge funds.

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.