Key Points
- CFO Philip Riley sold 4,000 shares of Riley Exploration Permian at an average price of $37.61, totaling $150,440. He retains 235,503 shares valued at approximately $8.86 million.
- Riley Exploration Permian recently paid a quarterly dividend of $0.40 per share, equivalent to an annualized dividend of $1.60 and a 4.3% yield.
- Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $43.00.
Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) CFO Philip Riley sold 4,000 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $37.61, for a total transaction of $150,440.00. Following the sale, the chief financial officer directly owned 235,503 shares in the company, valued at $8,857,267.83. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Riley Exploration Permian Trading Down 0.8%
NYSE REPX opened at $37.42 on Thursday. The company has a market cap of $829.00 million, a price-to-earnings ratio of 6.63 and a beta of 0.93. Riley Exploration Permian, Inc. has a twelve month low of $24.08 and a twelve month high of $41.53. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The business's fifty day moving average is $34.22 and its 200 day moving average is $33.95.
Riley Exploration Permian Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.3%. Riley Exploration Permian's dividend payout ratio is presently 28.99%.
Analyst Upgrades and Downgrades
REPX has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Riley Exploration Permian from $47.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Roth Capital restated a "buy" rating and issued a $45.00 target price on shares of Riley Exploration Permian in a report on Thursday, July 23rd. Finally, Zacks Research cut shares of Riley Exploration Permian from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Riley Exploration Permian presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.
Check Out Our Latest Analysis on REPX
Hedge Funds Weigh In On Riley Exploration Permian
Large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Riley Exploration Permian in the 4th quarter valued at $27,000. Royal Bank of Canada boosted its holdings in Riley Exploration Permian by 210.9% during the 4th quarter. Royal Bank of Canada now owns 1,138 shares of the company's stock worth $31,000 after acquiring an additional 772 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Riley Exploration Permian in the 2nd quarter worth $42,000. Quarry LP bought a new stake in shares of Riley Exploration Permian in the 3rd quarter worth $46,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Riley Exploration Permian in the third quarter valued at about $65,000. 58.91% of the stock is currently owned by institutional investors.
Riley Exploration Permian Company Profile
(
Get Free Report)
Riley Exploration Permian, Inc (NYSE:REPX) is a special purpose acquisition company formed to identify, acquire and operate assets in the oil and natural gas sector, with a dedicated focus on the Permian Basin. Incorporated in Delaware, the company completed its initial public offering on the New York Stock Exchange and is positioned to pursue a business combination with one or more upstream or midstream energy businesses. Riley Exploration Permian’s strategy centers on leveraging the region’s prolific reservoirs and existing infrastructure to drive growth and value for its shareholders.
The company seeks to target exploration and production assets in both the Midland and Delaware sub-basins of West Texas and southeastern New Mexico, where extensive pipeline networks and favorable geologic characteristics support efficient development.
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