Permian Resources (NYSE:PR) EVP Sells $77,234.88 in Stock

Permian Resources Corporation (NYSE:PR) EVP John Charles Bell sold 4,128 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $18.71, for a total value of $77,234.88. Following the transaction, the executive vice president owned 1,725,557 shares of the company’s stock, valued at approximately $32,285,171.47. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 4th, John Charles Bell sold 158,385 shares of Permian Resources stock. The stock was sold at an average price of $18.39, for a total value of $2,912,700.15.
• On Tuesday, January 6th, John Charles Bell sold 106,399 shares of Permian Resources stock. The stock was sold at an average price of $13.63, for a total transaction 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 Performance

Shares of NYSE:PR traded up $0.32 during trading on Thursday, reaching $18.85. 13,122,291 shares of the stock were exchanged, compared to its average volume of 12,453,093. The firm has a market cap of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Permian Resources Corporation has a 12 month low of $10.01 and a 12 month high of $19.38. The stock has a 50-day moving average price of $15.89 and a 200-day moving average price of $14.34.

Permian Resources (NYSE:PR) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. 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 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 yield of 3.4%. Permian Resources’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen upgraded Permian Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Susquehanna dropped their price target on Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research note on Monday, January 26th. Benchmark downgraded shares of Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday. Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 target price on shares of Permian Resources in a report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.58.

Permian Resources News Summary

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 Investors Weigh In On Permian Resources

Several hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Permian Resources by 69.2% during the first quarter. AQR Capital Management LLC now owns 149,696 shares of the company’s stock worth $2,060,000 after purchasing an additional 61,230 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Permian Resources by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,452,127 shares of the company’s stock worth $75,512,000 after buying an additional 852,347 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Permian Resources by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,209,457 shares of the company’s stock worth $16,751,000 after acquiring an additional 87,105 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Permian Resources by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 898,087 shares of the company’s stock valued at $12,232,000 after acquiring an additional 54,680 shares during the period. Finally, World Investment Advisors raised its stake in shares of Permian Resources by 34.0% during the second quarter. World Investment Advisors now owns 13,961 shares of the company’s stock valued at $190,000 after acquiring an additional 3,544 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.