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Philip A. Riley, the Chief Financial Officer and Executive Vice President of Strategy at Riley Exploration Permian, Inc. (NYSE:REPX), has recently sold shares in the company. The oil and gas producer, which InvestingPro analysis shows is currently undervalued, has maintained strong financial performance with a 75% gross profit margin and has raised its dividend for four consecutive years. According to a recent SEC filing, Riley disposed of 1,759 shares of common stock on April 1, 2025, at a price of $29.17 per share, resulting in a total transaction value of approximately $51,310. With a market capitalization of nearly $597 million and an "GREAT" overall financial health score from InvestingPro, the company maintains solid fundamentals despite the insider sale.
Following this transaction, Riley holds 188,172 shares of Riley Exploration Permian, including 124,611 shares of restricted stock that are subject to vesting and other conditions. The shares sold were surrendered to cover withholding tax liabilities from the vesting of restricted stock and did not represent a discretionary trade by Riley. Analysts maintain a bullish outlook on the stock, with price targets ranging from $47 to $55 per share.
In other recent news, Riley Exploration Permian reported its fourth-quarter 2024 earnings, revealing a notable miss on both earnings per share (EPS) and revenue. The company posted an EPS of $0.96, which fell short of the expected $1.60, while revenue reached $102.7 million, below the forecasted $106.26 million. Despite the earnings miss, Riley Exploration Permian achieved a 22% increase in total production for the year, with oil production rising by 15%. Additionally, the company announced significant investments in infrastructure and power projects, aiming to enhance operational efficiencies and future growth. The company has also updated its executive compensation plans, aligning rewards with performance metrics such as oil production and free cash flow. These plans include both short-term and long-term incentives for key executives, with performance-based stock awards contingent on shareholder return performance. The company remains focused on strategic capital allocation, with plans to increase drilling and completion expenditures by 9% in 2025. Analyst firms have not recently upgraded or downgraded Riley Exploration Permian, but the company continues to emphasize its commitment to building long-term value through disciplined investments and operational excellence.
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