Permian Resources (NYSE:PR) EVP Guy Oliphint Sells 4,999 Shares

Permian Resources Corporation (NYSE:PR) EVP Guy Oliphint sold 4,999 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total value of $91,381.72. Following the sale, the executive vice president owned 605,272 shares of the company’s stock, valued at $11,064,372.16. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Permian Resources Price Performance

NYSE PR traded up $0.22 during trading hours on Friday, reaching $19.06. The company’s stock had a trading volume of 6,431,986 shares, compared to its average volume of 12,167,167. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $19.38. 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 company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 15.25 and a beta of 0.66. The firm’s 50-day moving average price is $15.89 and its 200-day moving average price is $14.34.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping 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 net margin of 18.46% and a return on equity of 10.83%. 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 firm earned $0.36 earnings per share. On average, equities research analysts predict that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.4%. Permian Resources’s dividend payout ratio (DPR) is 51.20%.

Permian Resources News Roundup

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 Ratings Changes

A number of brokerages recently commented on PR. Citigroup increased their price target on Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Friday. UBS Group boosted their price target on shares of Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho increased their price objective on shares of Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Bank of America reissued a “neutral” rating and issued a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Finally, Wells Fargo & Company upped their target price on shares of Permian Resources from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Permian Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Institutional Investors Weigh In On Permian Resources

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

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.