Insider Trading Report: Riley Exploration Permian (REPX)

Alvin Libin, a major owner at Riley Exploration Permian (REPX), recently bought 4,814 additional shares. The buy increased his stake by nearly 0.3 percent, and came to a total purchase price of just under $96,000.

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  • Libin has been a major buyer throughout the past month, with three additional purchases in August, totaling nearly 35,000 shares. Going further back, there has been more of a mix of insider buys and sells, with buying overall exceeding insider sales.

    Overall, company insiders own nearly 43 percent of the company.

    The independent oil and natural gas company has risen over 68 percent in the past year. Shares have been up much higher in the past year, nearly four times their current level on an intra-day basis.

    The exploration company is currently unprofitable, although revenue is up over 600 percent in the past year.

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  • Action to take: Investors may like shares, as the company pays out a sizeable dividend. The most recent payout is on track for an annualized payment of $1.12, marking a 5.6 percent return.

    For traders, the large insider ownership and buys in recent weeks suggests a quick move higher. However, no options trade at this time, so look for a bounce higher in shares rather than focus on total returns. The company’s natural gas exposure could lead to higher share prices if winter trends point to cooler weather.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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