Dimensional Fund Advisors LP Grows Position in Permian Resources Corporation $PR

Dimensional Fund Advisors LP increased its position in Permian Resources Corporation (NYSE:PR) by 20.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,101,840 shares of the company’s stock after purchasing an additional 4,691,280 shares during the period. Dimensional Fund Advisors LP’s holdings in Permian Resources were worth $346,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 1,047 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 period. Parkside Financial Bank & Trust boosted its stake in Permian Resources by 90.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock worth $39,000 after acquiring an additional 1,357 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Permian Resources by 340.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after acquiring an additional 3,224 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Permian Resources by 162.4% in the second quarter. Allworth Financial LP now owns 5,430 shares of the company’s stock worth $74,000 after purchasing an additional 3,361 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PR shares. Piper Sandler lifted their target price on shares of Permian Resources from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada raised their price objective on Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group boosted their target price on Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna reduced their price target on Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a report on Monday, January 26th. Finally, Zacks Research raised Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Two research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

Permian Resources Stock Performance

PR stock opened at $18.85 on Friday. The stock’s 50 day simple moving average is $15.89 and its 200 day simple moving average is $14.34. 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 market capitalization of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66.

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, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, research analysts forecast that Permian Resources Corporation will post 1.45 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a yield of 3.4%. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio (DPR) is currently 51.20%.

Insider Activity

In related news, EVP Robert Regan Shannon sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.28, for a total value of $91,400.00. Following the sale, the executive vice president owned 1,351,802 shares in the company, valued at approximately $24,710,940.56. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William M. Hickey III sold 898,423 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the sale, the chief executive officer owned 9,389,405 shares of the company’s stock, valued at approximately $172,577,263.90. This represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,965,093 shares of company stock worth $62,487,101. 6.44% of the stock is owned by corporate insiders.

Key Permian Resources News

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

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.