Guy Oliphint Sells 4,999 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) EVP Guy Oliphint sold 4,999 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.28, for a total transaction of $91,381.72. Following the sale, the executive vice president owned 605,272 shares of the company’s stock, valued at $11,064,372.16. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Permian Resources Trading Up 0.2%

Shares of PR opened at $18.88 on Friday. The stock has a market capitalization of $15.66 billion, a P/E ratio of 15.10 and a beta of 0.66. Permian Resources Corporation has a twelve month low of $10.01 and a twelve month high of $19.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $15.99 and a two-hundred day simple moving average of $14.38.

Permian Resources (NYSE:PR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share (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 analysts’ expectations of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share. On average, research analysts anticipate that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

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

Key Stories Impacting Permian Resources

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

Institutional Trading of Permian Resources

Several hedge funds and other institutional investors have recently made changes to their positions in PR. SHP Wealth Management bought a new position in Permian Resources during the 4th quarter valued at approximately $27,000. Fearnley Asset Management AS purchased a new stake in shares of Permian Resources in the fourth quarter worth $7,175,000. Virtu Financial LLC purchased a new stake in shares of Permian Resources in the fourth quarter worth $389,000. Dean Capital Management increased its holdings in shares of Permian Resources by 3.2% during the fourth quarter. Dean Capital Management now owns 139,966 shares of the company’s stock valued at $1,964,000 after acquiring an additional 4,320 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Permian Resources by 3.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,092,438 shares of the company’s stock worth $127,567,000 after purchasing an additional 341,674 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PR shares. Bank of America restated a “neutral” rating and set a $16.00 target price (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th. UBS Group raised their target price on shares of Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho lifted their target price on shares of Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Susquehanna decreased their price target on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Permian Resources Company 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.