Victory Capital Management Inc. Lowers Stock Holdings in Permian Resources Corporation $PR

Victory Capital Management Inc. reduced its position in Permian Resources Corporation (NYSE:PR) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,873,282 shares of the company’s stock after selling 295,221 shares during the quarter. Victory Capital Management Inc. owned about 0.48% of Permian Resources worth $49,578,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Permian Resources by 114.1% during the 3rd 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 valued at $31,000 after purchasing an additional 1,391 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Permian Resources by 90.8% in 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 period. EverSource Wealth Advisors LLC grew its position in shares of Permian Resources by 340.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock valued at $57,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of 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.

Permian Resources News Roundup

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

• Positive Sentiment: Piper Sandler raised its price target to $24 and moved to an “overweight” rating, implying material upside and likely supporting buying interest. Piper Sandler raises target
• Positive Sentiment: UBS increased its target to $23 and kept a “buy” rating, another buy-side endorsement that can attract institutional flows. UBS raises target
• Positive Sentiment: Citigroup lifted its target to $21 and reiterated a “buy” note, adding to the cluster of upgrades. Citigroup raises target
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (ex‑div Mar 17; payable Mar 31), increasing yield and making the shares more attractive to income-focused investors. MarketBeat — Dividend announcement
• Positive Sentiment: Large institutional purchases reported earlier (BNY Mellon, Vanguard, Millennium et al.) show heavy institutional ownership and recent inflows that can support the stock on positive news. MarketBeat — Institutional holdings
• Neutral Sentiment: Q4 results were mixed — EPS beat ($0.37 vs. $0.28) but revenue missed and was down ~9.8% YoY. The print supports valuation but raises questions on top-line momentum. MarketBeat — Q4 results
• Neutral Sentiment: Analyst coverage roundup (Benzinga) highlights divergent targets/ratings — useful context for trading but not a single directional catalyst. Benzinga analyst roundup
• Negative Sentiment: Clustered insider selling: multiple senior executives disclosed multi‑million‑dollar sales (including large blocks by the CEO and other EVPs). Heavy insider dispositions can sap sentiment and raise questions about timing/intent. InsiderTrades — Insider selling
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which could reduce urgency among some buy‑side managers despite other upgrades. MSN — Benchmark downgrade

Permian Resources Stock Up 0.2%

Shares of PR opened at $18.88 on Friday. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $19.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $15.99 and a two-hundred day simple moving average of $14.38. The firm has a market cap of $15.66 billion, a P/E ratio of 15.10 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 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts forecast that Permian Resources Corporation will post 1.45 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, March 17th. This is a boost from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio is 48.00%.

Insider Buying and Selling

In other news, EVP Guy M. Oliphint sold 172,904 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total transaction of $2,356,681.52. Following the transaction, the executive vice president directly owned 616,683 shares of the company’s stock, valued at approximately $8,405,389.29. This trade represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Regan Shannon sold 106,405 shares of Permian Resources stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total value of $1,450,300.15. Following the completion of the transaction, the executive vice president owned 360,667 shares in the company, valued at approximately $4,915,891.21. This represents a 22.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,965,093 shares of company stock worth $62,487,101 over the last 90 days. Insiders own 6.44% of the company’s stock.

Analyst Ratings Changes

PR has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on Permian Resources from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. TD Cowen upgraded Permian Resources to a “strong-buy” rating in a research note on Monday, February 9th. Royal Bank Of Canada raised their price target on Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Citigroup lifted their price target on Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Friday. Finally, Mizuho boosted their price objective on Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Permian Resources currently has an average rating of “Moderate Buy” and an average price target of $19.69.

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.