Insider Selling: Permian Resources (NYSE:PR) EVP Sells $91,400.00 in Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 5,000 shares of the business’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 transaction of $91,400.00. Following the completion of the sale, the executive vice president directly owned 1,351,802 shares in the company, valued at $24,710,940.56. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Robert Regan Shannon also recently made the following trade(s):

• On Tuesday, March 3rd, Robert Regan Shannon sold 3,865 shares of Permian Resources stock. The stock was sold at an average price of $18.71, for a total transaction of $72,314.15.
• On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The stock was sold at an average price of $13.63, for a total transaction of $1,450,300.15.
• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The shares were sold at an average price of $13.76, for a total transaction of $966,695.04.

Permian Resources Stock Up 0.2%

Shares of NYSE PR opened at $18.88 on Friday. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 15.10 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $19.38. The business’s 50 day moving average is $15.99 and its two-hundred day moving average is $14.39.

Permian Resources (NYSE:PR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Research analysts predict that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PR shares. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price target on shares of Permian Resources in a research note on Thursday, February 26th. The Goldman Sachs Group raised their price objective on shares of Permian Resources from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Susquehanna dropped their price objective on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a report on Monday, January 26th. Benchmark downgraded shares of Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Research upgraded shares of Permian Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Permian Resources has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Institutional Investors Weigh In On Permian Resources

Several large investors have recently bought and sold shares of PR. SHP Wealth Management acquired a new stake in Permian Resources in the 4th quarter valued at about $27,000. Fearnley Asset Management AS purchased a new position in shares of Permian Resources in the 4th quarter valued at about $7,175,000. Virtu Financial LLC acquired a new position in shares of Permian Resources during the fourth quarter worth about $389,000. Dean Capital Management increased its stake 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 worth $1,964,000 after buying an additional 4,320 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Permian Resources by 3.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,092,438 shares of the company’s stock worth $127,567,000 after buying an additional 341,674 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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 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

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.