Permian Resources (NYSE:PR) EVP John Charles Bell Sells 4,128 Shares of Stock

Permian Resources Corporation (NYSE:PR) EVP John Charles Bell sold 4,128 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $18.71, for a total transaction of $77,234.88. Following the transaction, the executive vice president directly owned 1,725,557 shares of the company’s stock, valued at $32,285,171.47. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Charles Bell also recently made the following trade(s):

• On Wednesday, March 4th, John Charles Bell sold 158,385 shares of Permian Resources stock. The shares were sold at an average price of $18.39, for a total transaction of $2,912,700.15.
• On Tuesday, January 6th, John Charles Bell sold 106,399 shares of Permian Resources stock. The stock was sold at an average price of $13.63, for a total value of $1,450,218.37.
• On Monday, January 5th, John Charles Bell sold 70,249 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total value of $966,626.24.

Permian Resources Stock Performance

PR traded up $0.22 during trading hours on Friday, hitting $19.06. The company’s stock had a trading volume of 6,431,986 shares, compared to its average volume of 12,167,167. The company has a 50-day simple moving average of $15.89 and a 200 day simple moving average of $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. The firm has a market capitalization of $15.81 billion, a PE ratio of 15.25 and a beta of 0.66. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38.

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

Permian Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 51.20%.

Institutional Investors Weigh In On Permian Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Ruffer LLP purchased a new stake in Permian Resources during the third quarter valued at about $2,608,000. Massachusetts Financial Services Co. MA increased its position in shares of Permian Resources by 8.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,453,672 shares of the company’s stock worth $236,207,000 after acquiring an additional 1,421,059 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Permian Resources by 20.3% during the second quarter. American Century Companies Inc. now owns 11,043,274 shares of the company’s stock valued at $150,409,000 after acquiring an additional 1,863,632 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Permian Resources by 101.0% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 540,618 shares of the company’s stock valued at $6,920,000 after acquiring an additional 271,668 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in Permian Resources by 599.2% in the 2nd quarter. Cresset Asset Management LLC now owns 174,508 shares of the company’s stock worth $2,377,000 after purchasing an additional 149,548 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

More Permian Resources News

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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PR. Susquehanna decreased 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. UBS Group upped their target price on Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price target on shares of Permian Resources in a research note on Thursday, February 26th. Wall Street Zen upgraded Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research raised Permian Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

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.