Permian Resources (NYSE:PR) EVP Guy Oliphint Sells 6,412 Shares of Stock

Permian Resources Corporation (NYSE:PR) EVP Guy Oliphint sold 6,412 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $18.68, for a total transaction of $119,776.16. Following the completion of the transaction, the executive vice president owned 610,271 shares in the company, valued at $11,399,862.28. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Permian Resources Trading Up 1.1%

Shares of NYSE PR traded up $0.21 during trading hours on Friday, reaching $19.05. The stock had a trading volume of 5,437,226 shares, compared to its average volume of 12,138,063. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $19.38. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.66. The business’s fifty day moving average price is $15.89 and its two-hundred day moving average price 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 (NYSE:PR) last issued its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.36 EPS. Permian Resources’s revenue was down 9.8% on a year-over-year basis. Analysts expect that Permian Resources Corporation will post 1.45 EPS 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. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.16 per share. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. Permian Resources’s payout ratio is 51.20%.

Analyst Ratings Changes

A number of equities analysts recently commented on PR shares. Wells Fargo & Company boosted their price objective on shares of Permian Resources from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 27th. Piper Sandler lifted their price target on Permian Resources from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America restated a “neutral” rating and set a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 target price on shares of Permian Resources in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group increased their price target on shares of Permian Resources from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Two equities research 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. According to data from MarketBeat, Permian Resources has an average rating of “Moderate Buy” and a consensus target price of $19.69.

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 meaningful upside versus the current price and likely lifting demand from institutional and retail investors. Read More.
• Positive Sentiment: UBS bumped its target to $23 and reiterated a “buy” — another analyst upgrade that supports positive momentum and buy-side interest. Read More.
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (payable Mar 31; ex-div Mar 17), increasing yield and making the stock more attractive to income-focused investors. Read More.
• Neutral Sentiment: Q4 results showed an EPS beat ($0.37 vs. $0.28 consensus) but revenue missed and was down ~9.8% YoY — a mixed fundamental print that supports valuation but raises questions about near-term top-line momentum. Read More.
• Neutral Sentiment: Analyst coverage roundup (Benzinga) provides context for the recent upgrades and divergences in targets/ratings — useful for gauging consensus changes versus stock moves. Read More.
• Negative Sentiment: Large insider dispositions: CEO and multiple senior executives disclosed multi-million‑dollar stock sales (CEO sold ~898k shares; other executives sold large blocks), a cluster of insider selling that can sap sentiment and signal liquidity needs or diversification. Read More.
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which adds a near-term negative data point amid otherwise bullish analyst moves and could reduce buy-side urgency. Read More.

Institutional Investors Weigh In On Permian Resources

Several hedge funds have recently added to or reduced their stakes in PR. Bank of New York Mellon Corp lifted its holdings in shares of Permian Resources by 115.5% in the 4th quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company’s stock valued at $352,906,000 after buying an additional 13,483,136 shares during the period. Boston Partners purchased a new position in shares of Permian Resources in the 2nd quarter valued at $134,119,000. Vanguard Group Inc. raised its position in Permian Resources by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company’s stock valued at $914,733,000 after purchasing an additional 6,705,644 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Permian Resources by 210.6% during the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock worth $126,081,000 after purchasing an additional 6,678,814 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Permian Resources by 20.9% in the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company’s stock valued at $346,919,000 after buying an additional 4,691,280 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.