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Riley Exploration Permian, Inc. (NASDAQ:REPX), a $627 million market cap oil and gas company trading at $28.47, with an attractive P/E ratio of 6.04 and a dividend yield of 5.35%, saw its CEO Bobby Riley sell a total of $283,787 in company stock over two days, according to a new SEC filing. On June 16, 2025, Riley sold 4,500 shares of common stock in a transaction with prices ranging from $28.046 to $28.12, for a total value of $126,207. The following day, June 17, Riley sold an additional 5,500 shares at $28.651 per share, totaling $157,580. The sales occurred as the stock trades near its 52-week low of $21.98, with analysts setting price targets between $49.50 and $55.00.
Following these transactions, Riley directly owns 414,636 shares of Riley Exploration Permian, Inc., which includes 222,097 shares of restricted common stock subject to vesting and certain other restrictions. According to InvestingPro, the company maintains a "GREAT" financial health score of 3.2 out of 5, with multiple positive indicators including consecutive dividend raises for the past 4 years. Discover more insights and 5+ additional ProTips with an InvestingPro subscription.
In other recent news, Riley Exploration Permian, Inc. reported its first-quarter 2025 financial results, revealing an earnings per share (EPS) of $1.62, which slightly exceeded analysts’ expectations of $1.60. However, the company reported revenue of $102.46 million, falling short of the anticipated $104.26 million. Despite the revenue miss, Riley Permian has been active in strategic growth, notably acquiring Silverback Exploration and New Mexico assets to enhance its asset portfolio. The acquisition is valued at $142 million and is expected to bolster Riley Permian’s long-term development potential. The company also announced a reduction in its debt by $21 million, lowering its leverage to 0.9x. Additionally, Riley Permian held its annual meeting where stockholders approved the election of six directors and ratified BDO USA, P.C. as the independent registered public accounting firm for 2025. The stockholders also agreed to hold annual advisory votes on executive compensation. These developments underscore Riley Permian’s ongoing focus on strategic acquisitions and operational efficiencies amidst market challenges.
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