Permian Resources (NYSE:PR) EVP Robert Regan Shannon Sells 3,865 Shares of Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 3,865 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $18.71, for a total value of $72,314.15. Following the completion of the transaction, the executive vice president directly owned 1,356,802 shares in the company, valued at approximately $25,385,765.42. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, March 4th, Robert Regan Shannon sold 5,000 shares of Permian Resources stock. The shares were sold at an average price of $18.28, for a total transaction of $91,400.00.
• On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The shares were 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 stock was sold at an average price of $13.76, for a total transaction of $966,695.04.

Permian Resources Trading Up 1.7%

NYSE PR traded up $0.32 on Thursday, reaching $18.85. The stock had a trading volume of 13,122,291 shares, compared to its average volume of 12,453,093. 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 stock has a fifty day moving average price of $15.89 and a two-hundred day moving average price of $14.34. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $19.38. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 15.08 and a beta of 0.66.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 return on equity of 10.83% and a net margin of 18.46%.The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, sell-side analysts forecast 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. 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 an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s payout ratio is currently 48.00%.

Institutional Trading of Permian Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in shares of Permian Resources by 114.1% in the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock valued at $25,000 after purchasing an additional 1,047 shares during the period. SHP Wealth Management purchased a new position in Permian Resources in the 4th quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 buying an additional 1,391 shares during the period. Parkside Financial Bank & Trust raised its position in Permian Resources by 90.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock worth $39,000 after buying an additional 1,357 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Permian Resources during the 4th quarter worth $39,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PR has been the topic of several analyst reports. Benchmark cut Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Research upgraded shares of Permian Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Piper Sandler raised their price objective on shares of Permian Resources from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley lowered their target price on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group raised their price target on Permian Resources from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.58.

Trending Headlines about Permian Resources

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

• Positive Sentiment: Piper Sandler raised its price target to $24 and reiterated an Overweight rating, implying roughly a 27% upside from current levels — a strong bullish signal that likely helped lift the stock. Piper Sandler PT raise
• Positive Sentiment: UBS raised its price target to $23 and set a Buy rating (about a 22% implied upside), adding further analyst backing that supports higher investor demand. UBS PT raise
• Neutral Sentiment: Aggregated analyst commentary roundups (coverage summarized by Benzinga) provide broader context on expectations for Permian Resources but do not add a single directional surprise beyond the PT changes. Analyst roundup
• Negative Sentiment: Multiple insiders disclosed sizable sales this week: William M. Hickey III sold 898,423 shares and James H. Walter sold 673,425 shares (each sale at ~ $18.38), plus several EVP-level sales (large percentage reductions for some VPs). These block sales could pressure sentiment or be interpreted as material insider liquidity. Insider filings (sample)
• Negative Sentiment: Benchmark Co. downgraded PR from Buy to Hold, removing one source of buy-side conviction and tempering enthusiasm from some investors. 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.