Riley Exploration Permian, Inc. (NYSE:REPX) Major Shareholder Buys $31,200.00 in Stock

Riley Exploration Permian, Inc. (NYSE:REPX) major shareholder Alvin Gerald Libin bought 1,300 shares of Riley Exploration Permian stock in a transaction on Tuesday, October 12th. The shares were acquired at an average cost of $24.00 per share, with a total value of $31,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Alvin Gerald Libin also recently made the following trade(s):

  • On Monday, August 30th, Alvin Gerald Libin bought 4,814 shares of Riley Exploration Permian stock. The shares were acquired at an average cost of $19.90 per share, with a total value of $95,798.60.
  • On Thursday, August 26th, Alvin Gerald Libin bought 1,193 shares of Riley Exploration Permian stock. The shares were acquired at an average cost of $18.98 per share, with a total value of $22,643.14.
  • On Monday, August 23rd, Alvin Gerald Libin bought 3,376 shares of Riley Exploration Permian stock. The shares were acquired at an average cost of $17.43 per share, with a total value of $58,843.68.
  • On Friday, August 20th, Alvin Gerald Libin bought 11,000 shares of Riley Exploration Permian stock. The shares were acquired at an average cost of $16.96 per share, with a total value of $186,560.00.

REPX opened at $25.86 on Thursday. The company has a fifty day moving average of $21.22 and a 200 day moving average of $27.86. Riley Exploration Permian, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $79.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.59.

Riley Exploration Permian (NYSE:REPX) last posted its earnings results on Thursday, August 12th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.24). The company had revenue of $42.15 million for the quarter, compared to the consensus estimate of $32.34 million. Sell-side analysts predict that Riley Exploration Permian, Inc. will post 0.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 4th. Investors of record on Thursday, October 21st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.80%. This is a boost from Riley Exploration Permian’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, October 20th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. MYDA Advisors LLC purchased a new position in Riley Exploration Permian during the second quarter valued at $1,409,000. Millennium Management LLC bought a new position in Riley Exploration Permian during the first quarter valued at $766,000. Monashee Investment Management LLC bought a new position in Riley Exploration Permian during the second quarter valued at $869,000. New York State Common Retirement Fund bought a new position in Riley Exploration Permian during the second quarter valued at $32,000. Finally, Deutsche Bank AG bought a new position in Riley Exploration Permian during the second quarter valued at $39,000. 46.42% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Truist Securities increased their price objective on shares of Riley Exploration Permian from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Truist increased their price objective on shares of Riley Exploration Permian from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Finally, Zacks Investment Research raised shares of Riley Exploration Permian from a “sell” rating to a “hold” rating in a research note on Wednesday, September 29th.

About Riley Exploration Permian

Riley Exploration Permian, Inc is an independent oil and natural gas company. It engages in the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids in the Permian Basin. The company was founded in 1916 and is headquartered in Oklahoma City, OK.

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Insider Buying and Selling by Quarter for Riley Exploration Permian (NYSE:REPX)

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