Riley Exploration Permian, Inc. (NYSE:REPX – Get Rating) shares were up 0.3% on Monday . The company traded as high as $28.78 and last traded at $28.78. Approximately 64 shares traded hands during trading, a decline of 100% from the average daily volume of 79,412 shares. The stock had previously closed at $28.69.
Separately, Truist Financial dropped their target price on Riley Exploration Permian from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, May 16th.
The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.28. The stock has a market cap of $529.51 million, a price-to-earnings ratio of 84.69 and a beta of 0.90. The company’s 50-day simple moving average is $25.35 and its 200-day simple moving average is $24.83.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Thursday, April 21st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Wednesday, April 20th. Riley Exploration Permian’s payout ratio is 387.51%.
In other news, Director Bryan H. Lawrence sold 109,758 shares of the business’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $23.75, for a total transaction of $2,606,752.50. Following the transaction, the director now directly owns 4,786 shares in the company, valued at approximately $113,667.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bryan H. Lawrence sold 35,150 shares of the business’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $24.49, for a total transaction of $860,823.50. Following the transaction, the director now owns 180,634 shares in the company, valued at $4,423,726.66. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of Riley Exploration Permian in the 1st quarter valued at $48,000. JPMorgan Chase & Co. lifted its stake in shares of Riley Exploration Permian by 83.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,471 shares of the company’s stock valued at $67,000 after purchasing an additional 1,575 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Riley Exploration Permian by 40.1% in the 4th quarter. Bank of America Corp DE now owns 4,252 shares of the company’s stock valued at $82,000 after purchasing an additional 1,218 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Riley Exploration Permian by 233.4% in the 1st quarter. California State Teachers Retirement System now owns 4,521 shares of the company’s stock valued at $113,000 after purchasing an additional 3,165 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Riley Exploration Permian by 300.5% in the 1st quarter. American International Group Inc. now owns 5,254 shares of the company’s stock valued at $132,000 after purchasing an additional 3,942 shares during the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.
Riley Exploration Permian Company Profile (NYSE:REPX)
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.
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Source: defenseworld.net
