Insider Selling: Permian Resources (NYSE:PR) CEO Sells 898,423 Shares of Stock

Permian Resources Corporation (NYSE:PR) CEO William Hickey III sold 898,423 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the completion of the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Permian Resources Trading Up 1.7%

Shares of NYSE PR traded up $0.32 during trading on Thursday, hitting $18.85. 13,122,291 shares of the company were exchanged, compared to its average volume of 12,453,093. The company has a fifty day moving average price of $15.89 and a 200-day moving average price of $14.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $19.38.

Permian Resources (NYSE:PR) last posted its earnings results on Wednesday, February 25th. The company reported $0.37 EPS 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities research analysts expect 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. Shareholders of record on Tuesday, March 17th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.4%. 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. Permian Resources’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

A number of brokerages have commented on PR. 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. Zacks Research raised shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Piper Sandler raised their target price on shares of Permian Resources from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen upgraded shares of Permian Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.58.

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 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

Institutional Trading of Permian Resources

Hedge funds have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Permian Resources by 4.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after buying an additional 607 shares during the period. Waterloo Capital L.P. lifted its holdings in Permian Resources by 3.1% during the fourth quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after acquiring an additional 657 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Permian Resources by 5.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock valued at $192,000 after acquiring an additional 706 shares during the period. Curated Wealth Partners LLC increased its holdings in shares of Permian Resources by 1.1% in the fourth quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock worth $991,000 after acquiring an additional 747 shares in the last quarter. Finally, Chilton Capital Management LLC raised its position in shares of Permian Resources by 3.5% during the third quarter. Chilton Capital Management LLC now owns 23,668 shares of the company’s stock worth $303,000 after purchasing an additional 800 shares during the period. Institutional investors own 91.84% of the company’s stock.

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.