Permian Resources Corporation $PR Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA increased its holdings in Permian Resources Corporation (NYSE:PR) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,050,070 shares of the company’s stock after acquiring an additional 81,365 shares during the period. Permian Resources comprises 1.3% of Leeward Investments LLC MA’s investment portfolio, making the stock its 9th biggest holding. Leeward Investments LLC MA owned 0.26% of Permian Resources worth $26,241,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake 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 worth $25,000 after purchasing an additional 1,047 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Permian Resources by 154.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock worth $31,000 after buying an additional 1,391 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Permian Resources during the second quarter worth $36,000. Parkside Financial Bank & Trust raised its position 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 buying an additional 1,357 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 3,224 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Insider Buying and Selling

In other Permian Resources news, EVP Guy M. Oliphint sold 172,904 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total transaction of $2,356,681.52. Following the completion of the transaction, the executive vice president owned 616,683 shares in the company, valued at $8,405,389.29. This trade represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James H. Walter sold 467,700 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 transaction of $6,374,751.00. Following the completion of the transaction, the chief executive officer owned 1,010,138 shares of the company’s stock, valued at $13,768,180.94. The trade was a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,210,456 shares of company stock worth $30,231,728 in the last quarter. 6.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PR has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Permian Resources from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Mizuho upped their price objective on shares of Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Susquehanna dropped their target price on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Morgan Stanley cut their target price on Permian Resources from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Bank of America reaffirmed a “neutral” rating and issued a $16.00 target price (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Permian Resources has an average rating of “Moderate Buy” and a consensus price target of $18.71.

Permian Resources Price Performance

Permian Resources stock opened at $17.27 on Friday. The business’s 50 day simple moving average is $14.86 and its 200 day simple moving average is $13.91. Permian Resources Corporation has a 12 month low of $10.01 and a 12 month high of $17.38. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 15.84 and a beta of 0.77. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.31.

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.