Permian Resources (NYSE:PR) EVP Robert Regan Shannon Sells 106,405 Shares of Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 106,405 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total transaction of $1,450,300.15. Following the completion of the transaction, the executive vice president directly owned 360,667 shares in the company, valued at $4,915,891.21. This trade represents a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The shares were sold at an average price of $13.76, for a total transaction of $966,695.04.

Permian Resources Trading Down 0.9%

PR opened at $13.50 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.67 and a quick ratio of 0.67. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $16.03. The firm has a market capitalization of $11.19 billion, a PE ratio of 12.38 and a beta of 0.66. The company’s 50-day moving average is $13.90 and its 200 day moving average is $13.61.

Permian Resources (NYSE:PR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Permian Resources had a net margin of 15.65% and a return on equity of 11.03%. Permian Resources’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, research analysts predict that Permian Resources Corporation will post 1.45 earnings per share for the current fiscal year.

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.60 annualized dividend and a yield of 4.4%. Permian Resources’s dividend payout ratio (DPR) is 55.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Permian Resources from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 14th. Wells Fargo & Company decreased their price target on Permian Resources from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Wall Street Zen raised Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Mizuho upped their price objective on Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, UBS Group lifted their price objective on shares of Permian Resources from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.07.

Hedge Funds Weigh In On Permian Resources

Large investors have recently modified their holdings of the business. Hilltop National Bank raised its position in shares of Permian Resources by 27.4% in the fourth quarter. Hilltop National Bank now owns 7,009 shares of the company’s stock valued at $98,000 after purchasing an additional 1,509 shares during the period. Tudor Investment Corp ET AL grew its stake in Permian Resources by 14,373.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,635,450 shares of the company’s stock valued at $20,934,000 after buying an additional 1,624,150 shares in the last quarter. Allworth Financial LP raised its holdings in Permian Resources by 18.7% during the 3rd quarter. Allworth Financial LP now owns 6,445 shares of the company’s stock valued at $82,000 after acquiring an additional 1,015 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Permian Resources by 74.6% during the third quarter. Swiss Life Asset Management Ltd now owns 27,078 shares of the company’s stock worth $347,000 after acquiring an additional 11,572 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Permian Resources in the third quarter worth $1,324,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Key Headlines Impacting Permian Resources

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

• Positive Sentiment: Company completed a previously announced corporate reorganization in which management and certain long-term holders exchanged Class C shares for Class A shares to better align management ownership with public investors — a governance move that can be viewed favorably by the market. Permian Resources Completes Previously Announced Corporate Reorganization
• Negative Sentiment: CEO William M. Hickey III sold large blocks on Jan. 5–6 (309,980 shares at ~$13.74 and 467,725 shares at ~$13.63), reducing his stake by over 17% and then ~32% after the later sale. The transactions totaled roughly $10.6M in proceeds and materially cut his holdings. SEC Form 4 (Hickey)
• Negative Sentiment: CEO James H. Walter reported similar sales on Jan. 5–6 (310,003 shares at ~$13.74 and 467,700 shares at ~$13.63), also cutting his position by ~17% then ~31.6% — another significant insider liquidity event. SEC Form 4 (Walter)
• Negative Sentiment: EVP John Charles Bell sold 70,249 and 106,399 shares (~$13.76 and $13.63), reducing his stake by ~12–22% across the two days — a sizeable personal liquidity event. SEC Form 4 (Bell)
• Negative Sentiment: EVP Robert Regan Shannon sold 70,254 and 106,405 shares at similar prices, trimming his holding by ~13% then ~23% — another concurrent executive sale. SEC Form 4 (Shannon)
• Negative Sentiment: EVP Guy M. Oliphint sold 172,904 shares at ~$13.63, cutting his position by ~22% in a single transaction. SEC Form 4 (Oliphint)

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.