115,000 Shares in Permian Resources Corporation $PR Acquired by Polianta Ltd

Polianta Ltd acquired a new stake in shares of Permian Resources Corporation (NYSE:PR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 115,000 shares of the company’s stock, valued at approximately $1,472,000.

A number of other large investors have also added to or reduced their stakes in PR. Farther Finance Advisors LLC boosted its holdings in Permian Resources by 114.1% in the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after acquiring an additional 1,047 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Permian Resources by 154.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock worth $31,000 after purchasing an additional 1,391 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Permian Resources during the 2nd quarter valued at about $36,000. Parkside Financial Bank & Trust grew its position in Permian Resources by 90.8% during the 2nd 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Permian Resources by 204.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,568 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PR. Raymond James Financial decreased their price objective on shares of Permian Resources from $23.00 to $22.00 and set a “strong-buy” rating for the company in a report on Tuesday, September 2nd. The Goldman Sachs Group upped their price target on Permian Resources from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 14th. Piper Sandler decreased their target price on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada upped their target price on shares of Permian Resources from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Permian Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.07.

Permian Resources Price Performance

Shares of NYSE:PR opened at $14.00 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11.61 billion, a PE ratio of 12.84 and a beta of 0.70. The firm’s 50 day moving average price is $13.63 and its 200-day moving average price is $13.65. Permian Resources Corporation has a twelve month low of $10.01 and a twelve month high of $16.03.

Permian Resources (NYSE:PR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.22). Permian Resources had a return on equity of 11.03% and a net margin of 15.65%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts expect that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, December 17th. Permian Resources’s payout ratio is currently 55.05%.

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.