Permian Resources Corporation $PR Position Trimmed by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in Permian Resources Corporation (NYSE:PR) by 32.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 874,305 shares of the company’s stock after selling 414,855 shares during the period. Royal Bank of Canada’s holdings in Permian Resources were worth $18,639,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PR. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Permian Resources by 4.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock worth $224,000 after purchasing an additional 607 shares during the period. Bessemer Group Inc. increased its stake in Permian Resources by 21.3% in the 1st quarter. Bessemer Group Inc. now owns 3,537 shares of the company’s stock valued at $76,000 after buying an additional 621 shares during the period. Waterloo Capital L.P. lifted its position in Permian Resources by 3.1% in the 4th quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after buying an additional 657 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Permian Resources by 5.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock worth $192,000 after buying an additional 706 shares in the last quarter. Finally, Dean Investment Associates LLC boosted its stake in shares of Permian Resources by 0.3% during the 4th quarter. Dean Investment Associates LLC now owns 265,615 shares of the company’s stock valued at $3,727,000 after buying an additional 922 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on PR shares. Citigroup lowered their price target on shares of Permian Resources from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Zacks Research cut Permian Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Morgan Stanley reduced their price objective on Permian Resources from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Scotiabank boosted their target price on Permian Resources from $21.00 to $25.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised Permian Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $23.29.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Quarterly results exceeded expectations: Permian Resources reported Q2 adjusted earnings of $0.69 per share, ahead of the $0.59 consensus estimate, while revenue reached $1.86 billion versus expectations of $1.66 billion. Revenue increased 55.1% year over year, and EPS rose substantially from $0.28 in the prior-year quarter. Permian Resources Q2 earnings report
• Positive Sentiment: Strong operating performance: Average production was 376.4 thousand barrels of oil equivalent per day, including 198.1 thousand barrels per day of oil. The company also generated $1.506 billion in cash from operations, supporting its financial flexibility. Permian Resources Announces Strong Second Quarter 2026 Results
• Positive Sentiment: 2026 plan points to continued growth: Management outlined oil production guidance of approximately 199,000 barrels per day and expects to invest about $1.95 billion in capital expenditures. The earnings call emphasized the company’s cash generation and growth outlook, which likely boosted investor confidence. Permian Resources 2026 plan
• Neutral Sentiment: Shareholder distribution maintained: The company declared a quarterly dividend of $0.16 per share, payable September 30 to shareholders of record September 16. The dividend provides ongoing income support, although the announcement itself was not a major change to the investment thesis.
• Neutral Sentiment: Capital spending remains significant: The planned $1.95 billion investment should support production growth, but it also represents a substantial cash commitment and leaves the stock exposed to changes in oil, natural gas and NGL prices.

Insider Buying and Selling

In other Permian Resources news, EVP Guy M. Oliphint sold 62,769 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.44, for a total transaction of $1,282,998.36. Following the transaction, the executive vice president directly owned 542,503 shares of the company’s stock, valued at $11,088,761.32. This represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.00% of the stock is owned by insiders.

Permian Resources Stock Performance

PR stock opened at $20.33 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 13.46 and a beta of 0.48. Permian Resources Corporation has a 12 month low of $11.92 and a 12 month high of $22.67. The firm has a 50 day moving average of $19.55 and a two-hundred day moving average of $19.21.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.41 billion. Permian Resources had a net margin of 21.52% and a return on equity of 13.65%. Permian Resources’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. As a group, equities analysts anticipate that Permian Resources Corporation will post 1.94 EPS for the current fiscal year.

Permian Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. Permian Resources’s dividend payout ratio is currently 74.42%.

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.