Riley Exploration Permian, Inc. (NYSE:REPX) Director Sells $76,153.95 in Stock

kopsource · Sep 23, 2022 05:42

Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) Director Bryan H. Lawrence sold 3,695 shares of the business's stock in a transaction 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 approximately $98,639.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Riley Exploration Permian Stock Down 2.9 %

Shares of NYSE REPX opened at $20.21 on Friday. The firm's 50-day moving average price is $25.48 and its 200-day moving average price is $25.63. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $401.57 million, a price-to-earnings ratio of 5.11 and a beta of 0.96. Riley Exploration Permian, Inc. has a 12-month low of $15.53 and a 12-month high of $36.00.

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

Riley Exploration Permian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Monday, July 25th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Friday, July 22nd. Riley Exploration Permian's dividend payout ratio (DPR) is currently 35.63%.

Institutional Trading of Riley Exploration Permian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Riley Exploration Permian by 248.5% in the 1st quarter. BlackRock Inc. now owns 531,585 shares of the company's stock worth $13,332,000 after purchasing an additional 379,047 shares during the period. Jackson Hole Capital Partners LLC raised its position in Riley Exploration Permian by 8.1% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 373,287 shares of the company's stock worth $9,362,000 after purchasing an additional 27,948 shares during the period. Bank of New York Mellon Corp raised its position in Riley Exploration Permian by 13.7% in the 1st quarter. Bank of New York Mellon Corp now owns 204,226 shares of the company's stock worth $5,122,000 after purchasing an additional 24,588 shares during the period. State Street Corp raised its position in Riley Exploration Permian by 55.9% in the 2nd quarter. State Street Corp now owns 164,294 shares of the company's stock worth $3,973,000 after purchasing an additional 58,896 shares during the period. Finally, Vanguard Group Inc. raised its position in Riley Exploration Permian by 61.5% in the 1st quarter. Vanguard Group Inc. now owns 111,796 shares of the company's stock worth $2,804,000 after purchasing an additional 42,570 shares during the period. 50.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.