Robert Regan Shannon Sells 3,865 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 3,865 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $18.71, for a total transaction of $72,314.15. Following the sale, the executive vice president owned 1,356,802 shares in the company, valued at approximately $25,385,765.42. The trade was a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert Regan Shannon also recently made the following trade(s):

• On Wednesday, March 4th, Robert Regan Shannon sold 5,000 shares of Permian Resources stock. The shares were sold at an average price of $18.28, for a total value of $91,400.00.
• On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The stock was sold at an average price of $13.63, for a total value of $1,450,300.15.
• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The shares were sold at an average price of $13.76, for a total value of $966,695.04.

Permian Resources Price Performance

Shares of NYSE:PR opened at $18.88 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 15.10 and a beta of 0.66. The business has a 50-day simple moving average of $15.99 and a two-hundred day simple moving average of $14.38. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. On average, analysts expect that Permian Resources Corporation will post 1.45 earnings per share for the current year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.16 dividend. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. Permian Resources’s dividend payout ratio (DPR) is currently 48.00%.

Hedge Funds Weigh In On Permian Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SHP Wealth Management purchased a new position in Permian Resources during the 4th quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its position in shares of Permian Resources by 114.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock valued at $25,000 after acquiring an additional 1,047 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 acquiring an additional 1,391 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Permian Resources during the 4th quarter valued at approximately $39,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Permian Resources by 90.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock valued at $39,000 after purchasing an additional 1,357 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Trending Headlines about Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Piper Sandler raised its price target to $24 and moved to an “overweight” rating, implying material upside and likely supporting buying interest. Piper Sandler raises target
• Positive Sentiment: UBS increased its target to $23 and kept a “buy” rating, another buy-side endorsement that can attract institutional flows. UBS raises target
• Positive Sentiment: Citigroup lifted its target to $21 and reiterated a “buy” note, adding to the cluster of upgrades. Citigroup raises target
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (ex‑div Mar 17; payable Mar 31), increasing yield and making the shares more attractive to income-focused investors. MarketBeat — Dividend announcement
• Positive Sentiment: Large institutional purchases reported earlier (BNY Mellon, Vanguard, Millennium et al.) show heavy institutional ownership and recent inflows that can support the stock on positive news. MarketBeat — Institutional holdings
• Neutral Sentiment: Q4 results were mixed — EPS beat ($0.37 vs. $0.28) but revenue missed and was down ~9.8% YoY. The print supports valuation but raises questions on top-line momentum. MarketBeat — Q4 results
• Neutral Sentiment: Analyst coverage roundup (Benzinga) highlights divergent targets/ratings — useful context for trading but not a single directional catalyst. Benzinga analyst roundup
• Negative Sentiment: Clustered insider selling: multiple senior executives disclosed multi‑million‑dollar sales (including large blocks by the CEO and other EVPs). Heavy insider dispositions can sap sentiment and raise questions about timing/intent. InsiderTrades — Insider selling
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which could reduce urgency among some buy‑side managers despite other upgrades. MSN — Benchmark downgrade

Analysts Set New Price Targets

A number of brokerages have commented on PR. Wall Street Zen upgraded Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group raised their target price on shares of Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup lifted their price target on shares of Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price objective on shares of Permian Resources from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Mizuho raised their price objective on shares of Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Permian Resources has an average rating of “Moderate Buy” and an average target price of $19.69.

About Permian Resources

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.