Permian Resources Corporation $PR Stock Position Raised by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its stake in Permian Resources Corporation (NYSE:PR) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,050,070 shares of the company’s stock after acquiring an additional 81,365 shares during the period. Permian Resources makes up about 1.3% of Leeward Investments LLC MA’s holdings, making the stock its 9th largest holding. Leeward Investments LLC MA’s holdings in Permian Resources were worth $26,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Permian Resources by 114.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after purchasing an additional 1,047 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Permian Resources by 154.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock valued at $31,000 after buying an additional 1,391 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Permian Resources during the second quarter valued at about $36,000. Parkside Financial Bank & Trust increased its position in shares of Permian Resources by 90.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock valued at $39,000 after buying an additional 1,357 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Permian Resources by 340.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after buying an additional 3,224 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO James H. Walter sold 467,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total value of $6,374,751.00. Following the completion of the sale, the chief executive officer owned 1,010,138 shares in the company, valued at $13,768,180.94. The trade was a 31.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William M. Hickey III sold 467,725 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total value of $6,375,091.75. Following the completion of the sale, the chief executive officer directly owned 1,010,136 shares of the company’s stock, valued at approximately $13,768,153.68. This represents a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,210,456 shares of company stock valued at $30,231,728. 6.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $16.00 price objective (down previously from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Morgan Stanley cut their price target on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Zacks Research lowered shares of Permian Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Susquehanna lowered their price objective on Permian Resources from $20.00 to $18.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Finally, Mizuho lifted their price objective on Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.71.

Permian Resources Stock Up 2.4%

Shares of NYSE:PR opened at $17.27 on Friday. The firm has a market capitalization of $14.32 billion, a PE ratio of 15.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.67. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $17.38. The firm has a fifty day moving average of $14.86 and a 200 day moving average of $13.91.

Permian Resources Profile

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.