Riley Exploration Permian, Inc. (NYSE:REPX) Major Shareholder Riley Exploration Ho Bluescape Sells 700,000 Shares

Riley Exploration Permian, Inc. (NYSE:REPX) major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $25.52, for a total value of $17,864,000.00. Following the sale, the insider now directly owns 4,521,767 shares of the company’s stock, valued at $115,395,493.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Riley Exploration Permian Stock Performance

NYSE: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 firm has a market cap of $612 million, a price-to-earnings ratio of 5.38 and a beta of 1.26. The firm’s fifty day moving average price is $26.52 and its 200 day moving average price is $27.04. Riley Exploration Permian, Inc. has a 1-year low of $21.27 and a 1-year high of $47.79.

Riley Exploration Permian (NYSE:REPX) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91). Riley Exploration Permian had a net margin of 29.75% and a return on equity of 25.08%. The firm had revenue of $99.83 million during the quarter, compared to analyst estimates of $94.77 million. On average, sell-side analysts expect that Riley Exploration Permian, Inc. will post 6.89 EPS for the current year.

Riley Exploration Permian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 25th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend 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

A number of large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new position in Riley Exploration Permian in the third quarter valued at about $25,000. Advisor Group Holdings Inc. purchased a new position in Riley Exploration Permian in the 4th quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its holdings in Riley Exploration Permian by 109.4% during the first quarter. Tower Research Capital LLC TRC now owns 710 shares of the company’s stock worth $27,000 after purchasing an additional 371 shares during the last quarter. Strs Ohio raised its holdings in Riley Exploration Permian by 300.0% during the fourth quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $32,000 after purchasing an additional 900 shares during the last quarter. Finally, FMR LLC boosted its position in Riley Exploration Permian by 68.7% during the second quarter. FMR LLC now owns 1,331 shares of the company’s stock worth $32,000 after purchasing an additional 542 shares in the last quarter. Hedge funds and other institutional investors own 58.91% of the company’s stock.

About Riley Exploration Permian

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.