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Corey Neil Riley, the Chief Investment Officer and Chief Compliance Officer of Riley Exploration Permian, Inc. (NYSE:REPX), has recently sold shares in the company. According to a filing with the Securities and Exchange Commission, Riley sold 1,537 shares of common stock at a price of $29.17 per share on April 1, 2025. The total value of the transaction amounted to $44,834. The sale price was notably above the current trading price of $27.76, though InvestingPro analysis suggests the stock is undervalued, with analysts setting price targets between $47 and $55.
Following the sale, Riley owns 183,700 shares of the company, which includes 114,601 shares of restricted common stock subject to vesting and other restrictions. The transaction was related to the surrender of shares to satisfy withholding tax liabilities incurred upon the vesting of restricted stock, rather than a discretionary trade by Riley. The company maintains a GREAT financial health score according to InvestingPro, with a notable 5.07% dividend yield and a consistent track record of raising dividends for four consecutive years. For deeper insights into REPX’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Riley Exploration Permian reported its fourth-quarter 2024 earnings, revealing a significant shortfall in expectations. The company posted an earnings per share (EPS) of $0.96, which was below the anticipated $1.60, and revenue of $102.7 million, missing the forecast of $106.26 million. Despite these misses, the company experienced a 22% increase in total production and a 15% rise in oil production for the year, attributed to operational efficiencies. In addition to earnings, Riley Exploration Permian has updated its executive compensation plans, which include both short-term and long-term incentive plans aimed at aligning executive rewards with company performance. These new compensation arrangements were approved by the Compensation Committee and involve both time-based and performance-based restricted stock awards for key executives. Furthermore, the company has amended employment agreements for its named executive officers, detailing terms such as base salary and benefits. These developments reflect Riley Exploration Permian’s ongoing efforts to maintain competitive executive compensation practices.
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