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Bryan H. Lawrence Sells 3,695 Shares of Riley Exploration Permian, Inc. (NYSE:REPX) Stock

Defense World · Sep 22, 2022 05:51

Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 3,695 shares of the business's stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $20.61, for a total transaction of $76,153.95. Following the completion of the sale, the director now owns 4,786 shares in the company, valued at $98,639.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Riley Exploration Permian Stock Performance

Riley Exploration Permian stock opened at $20.81 on Thursday. The firm's 50 day simple moving average is $25.55 and its 200-day simple moving average is $25.69. The company has a market cap of $413.49 million, a P/E ratio of 5.38 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, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $36.00.

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Riley Exploration Permian (NYSE:REPX – Get Rating) last released its earnings results on Wednesday, August 10th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.16. The business had revenue of $88.38 million for the quarter, compared to the consensus estimate of $55.68 million. Riley Exploration Permian had a net margin of 26.17% and a return on equity of 33.84%. As a group, equities research analysts predict that Riley Exploration Permian, Inc. will post 3.71 EPS for the current year.

Riley Exploration Permian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, July 25th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, July 22nd. Riley Exploration Permian's dividend payout ratio (DPR) is currently 35.63%.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Riley Exploration Permian from a "c" rating to a "d" rating in a report on Monday, August 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Riley Exploration Permian by 248.5% during the first quarter. BlackRock Inc. now owns 531,585 shares of the company's stock valued at $13,332,000 after purchasing an additional 379,047 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in Riley Exploration Permian by 8.1% during the first quarter. Jackson Hole Capital Partners LLC now owns 373,287 shares of the company's stock valued at $9,362,000 after purchasing an additional 27,948 shares in the last quarter. Bank of New York Mellon Corp grew its position in Riley Exploration Permian by 13.7% during the first quarter. Bank of New York Mellon Corp now owns 204,226 shares of the company's stock valued at $5,122,000 after purchasing an additional 24,588 shares in the last quarter. State Street Corp grew its position 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 in the last quarter. Finally, Vanguard Group Inc. grew its position in Riley Exploration Permian by 61.5% during the first quarter. Vanguard Group Inc. now owns 111,796 shares of the company's stock valued at $2,804,000 after purchasing an additional 42,570 shares in the last quarter. 50.87% of the stock is owned by hedge funds and other institutional investors.

Riley Exploration Permian Company Profile

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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.