Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $25.52, for a total value of $17,864,000.00. Following the sale, the insider now owns 4,521,767 shares in the company, valued at $115,395,493.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Riley Exploration Permian Price Performance
Shares of REPX opened at $30.00 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market cap of $612 million, a P/E ratio of 5.38 and a beta of 1.26. Riley Exploration Permian, Inc. has a 12 month low of $21.27 and a 12 month high of $47.79. The stock has a fifty day moving average price of $26.52 and a 200 day moving average price of $27.04.
Riley Exploration Permian (NYSE:REPX - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.91). The firm had revenue of $99.83 million during the quarter, compared to analyst estimates of $94.77 million. Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. On average, research analysts forecast that Riley Exploration Permian, Inc. will post 6.89 earnings per share for the current year.
Riley Exploration Permian Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 25th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, January 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.80%. Riley Exploration Permian's dividend payout ratio (DPR) is presently 25.81%.
Hedge Funds Weigh In On Riley Exploration Permian
Several hedge funds and other institutional investors have recently made changes to their positions in REPX. Vanguard Group Inc. increased its position in Riley Exploration Permian by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 388,570 shares of the company's stock valued at $10,585,000 after acquiring an additional 80,379 shares during the period. Barclays PLC grew its stake in shares of Riley Exploration Permian by 416.7% in the fourth quarter. Barclays PLC now owns 13,838 shares of the company's stock worth $377,000 after purchasing an additional 11,160 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Riley Exploration Permian by 11.7% in the fourth quarter. Voya Investment Management LLC now owns 8,566 shares of the company's stock worth $233,000 after purchasing an additional 899 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Riley Exploration Permian by 23.3% during the fourth quarter. Nuveen Asset Management LLC now owns 27,121 shares of the company's stock valued at $739,000 after purchasing an additional 5,121 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Riley Exploration Permian by 9.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 24,187 shares of the company's stock valued at $659,000 after purchasing an additional 2,112 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.
Riley Exploration Permian Company Profile
(
Get Free Report)
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 Northwest Shelf and Yeso trend of the Permian Basin.
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