Riley Exploration Permian, Inc. (REPX) To Go Ex-Dividend on April 24th

Riley Exploration Permian, Inc. (NYSE:REPX) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Shareholders of record on Thursday, April 25th will be paid a dividend of 0.36 per share on Thursday, May 9th. This represents a $1.44 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Wednesday, April 24th.

Riley Exploration Permian has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Riley Exploration Permian to earn $7.86 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 18.3%.

Riley Exploration Permian Stock Up 0.1 %

Shares of NYSE:REPX opened at $27.82 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $27.62 and a two-hundred day moving average of $26.93. The stock has a market cap of $567.53 million, a P/E ratio of 5.67 and a beta of 1.26. Riley Exploration Permian has a 52-week low of $21.27 and a 52-week high of $46.98.

Riley Exploration Permian (NYSE:REPX) last issued its earnings results on Wednesday, March 6th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.91). The company had revenue of $99.83 million during the quarter, compared to analysts’ expectations of $94.77 million. Riley Exploration Permian had a net margin of 29.75% and a return on equity of 25.08%. On average, research analysts expect that Riley Exploration Permian will post 7.14 earnings per share for the current year.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alvin Gerald Libin purchased 75,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $27.00 per share, with a total value of $2,025,000.00. Following the completion of the acquisition, the insider now owns 2,194,921 shares in the company, valued at approximately $59,262,867. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Riley Exploration Permian

A number of hedge funds have recently modified their holdings of REPX. JPMorgan Chase & Co. lifted its stake in Riley Exploration Permian by 872.4% during the 1st quarter. JPMorgan Chase & Co. now owns 33,752 shares of the company’s stock worth $846,000 after acquiring an additional 30,281 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Riley Exploration Permian by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 204,226 shares of the company’s stock worth $5,122,000 after acquiring an additional 24,588 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Riley Exploration Permian during the 1st quarter worth about $180,000. Rhumbline Advisers acquired a new position in Riley Exploration Permian during the 1st quarter worth about $277,000. Finally, BlackRock Inc. lifted its stake in Riley Exploration Permian by 248.5% during the 1st quarter. BlackRock Inc. now owns 531,585 shares of the company’s stock worth $13,332,000 after acquiring an additional 379,047 shares in the last quarter. 58.91% of the stock is currently owned by hedge funds and other institutional investors.

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.