Permian Resources (NYSE:PR) EVP Sells $91,381.72 in Stock

Permian Resources Corporation (NYSE:PR) EVP Guy Oliphint sold 4,999 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total value of $91,381.72. Following the transaction, the executive vice president owned 605,272 shares in the company, valued at $11,064,372.16. The trade was a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Permian Resources Stock Performance

Shares of PR stock opened at $18.88 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $14.39. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 15.10 and a beta of 0.66. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $19.38.

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

Permian Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 17th. Permian Resources’s dividend payout ratio is 48.00%.

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

Hedge Funds Weigh In On Permian Resources

Several hedge funds have recently added to or reduced their stakes in PR. SHP Wealth Management acquired a new position in Permian Resources during the fourth quarter worth about $27,000. Fearnley Asset Management AS acquired a new stake in shares of Permian Resources in the fourth quarter valued at approximately $7,175,000. Virtu Financial LLC purchased a new position in shares of Permian Resources during the 4th quarter worth approximately $389,000. Dean Capital Management increased its stake in shares of Permian Resources by 3.2% during the 4th quarter. Dean Capital Management now owns 139,966 shares of the company’s stock worth $1,964,000 after purchasing an additional 4,320 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Permian Resources by 3.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,092,438 shares of the company’s stock worth $127,567,000 after purchasing an additional 341,674 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America reaffirmed a “neutral” rating and set a $16.00 price target (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Piper Sandler boosted their price objective on shares of Permian Resources from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research upgraded shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Benchmark cut shares of Permian Resources from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TD Cowen upgraded shares of Permian Resources to a “strong-buy” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Permian Resources Company 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.