Riley Exploration Permian CIO sells $143,428 in stock

Corey Neil Riley, Chief Information Officer and Chief Compliance Officer at Riley Exploration Permian, Inc., sold $143,428 worth of the company's common stock on November 9, 2026. The transactions were conducted under a pre-existing Rule 10b5-1 trading plan, which Riley had established on July 12, 2025. The sale consisted of two blocks of shares: 3,230 shares sold at an average price of $40.9443 per share, and an additional 270 shares sold at a weighted average price of $41.4017 per share.

Currently, the stock price is $44.40, up 78% from the previous year, and is considered undervalued by InvestingPro analysts, placing it among the most undervalued stocks on the platform. After the sales, Riley's ownership in the company amounts to 199,885 shares, including 118,566 shares of restricted common stock. Riley Exploration Permian reported third-quarter 2026 earnings that surpassed analysts' expectations, with earnings per share of $2.66 compared to the estimated $1.97 per share.

Revenue also outperformed projections, reaching $201 million, up from the anticipated $165.36 million. Despite these positive results, the company's stock experienced a decline, reflecting investor concerns about spending plans and the timing of growth initiatives.