Permian Resources (NYSE:PR) EVP John Charles Bell Sells 158,385 Shares

Permian Resources Corporation (NYSE:PR) EVP John Charles Bell sold 158,385 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.39, for a total value of $2,912,700.15. Following the transaction, the executive vice president directly owned 1,567,172 shares in the company, valued at $28,820,293.08. This trade represents a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

John Charles Bell also recently made the following trade(s):

• On Tuesday, March 3rd, John Charles Bell sold 4,128 shares of Permian Resources stock. The stock was sold at an average price of $18.71, for a total value of $77,234.88.
• On Tuesday, January 6th, John Charles Bell sold 106,399 shares of Permian Resources stock. The shares were sold at an average price of $13.63, for a total value of $1,450,218.37.
• On Monday, January 5th, John Charles Bell sold 70,249 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total transaction of $966,626.24.

Permian Resources Stock Up 1.7%

Shares of NYSE:PR traded up $0.32 during trading on Thursday, hitting $18.85. The company’s stock had a trading volume of 13,122,291 shares, compared to its average volume of 12,453,093. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38. The business has a 50 day moving average price of $15.89 and a two-hundred day moving average price of $14.34. 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 company has a market capitalization of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business posted $0.36 earnings per share. Permian Resources’s revenue was down 9.8% compared to the same quarter last year. As a group, research analysts expect that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. This is a boost from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio is presently 48.00%.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Piper Sandler raised its price target to $24 and reiterated an Overweight rating, implying roughly a 27% upside from current levels — a strong bullish signal that likely helped lift the stock. Piper Sandler PT raise
• Positive Sentiment: UBS raised its price target to $23 and set a Buy rating (about a 22% implied upside), adding further analyst backing that supports higher investor demand. UBS PT raise
• Neutral Sentiment: Aggregated analyst commentary roundups (coverage summarized by Benzinga) provide broader context on expectations for Permian Resources but do not add a single directional surprise beyond the PT changes. Analyst roundup
• Negative Sentiment: Multiple insiders disclosed sizable sales this week: William M. Hickey III sold 898,423 shares and James H. Walter sold 673,425 shares (each sale at ~ $18.38), plus several EVP-level sales (large percentage reductions for some VPs). These block sales could pressure sentiment or be interpreted as material insider liquidity. Insider filings (sample)
• Negative Sentiment: Benchmark Co. downgraded PR from Buy to Hold, removing one source of buy-side conviction and tempering enthusiasm from some investors. Benchmark downgrade

Institutional Trading of Permian Resources

Several hedge funds have recently added to or reduced their stakes in PR. Bank of New York Mellon Corp grew its holdings in shares of Permian Resources by 115.5% during the fourth quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company’s stock valued at $352,906,000 after buying an additional 13,483,136 shares in the last quarter. Boston Partners acquired a new position in Permian Resources in the second quarter valued at about $134,119,000. Vanguard Group Inc. grew its stake in Permian Resources by 10.4% during the third quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company’s stock worth $914,733,000 after buying an additional 6,705,644 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Permian Resources by 210.6% during the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock worth $126,081,000 after buying an additional 6,678,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Permian Resources by 20.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company’s stock worth $346,919,000 after acquiring an additional 4,691,280 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PR shares. Piper Sandler raised their price objective on shares of Permian Resources from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America restated a “neutral” rating and issued a $16.00 price target (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th. 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 report on Thursday. Finally, Wall Street Zen raised shares of Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.58.

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.