Permian Resources Corporation $PR Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Permian Resources Corporation (NYSE:PR) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,181,637 shares of the company’s stock after selling 49,144 shares during the quarter. Natixis Advisors LLC’s holdings in Permian Resources were worth $16,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PR. Meiji Yasuda Asset Management Co Ltd. grew its stake in Permian Resources by 4.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after purchasing an additional 607 shares in the last quarter. Waterloo Capital L.P. grew its stake in Permian Resources by 3.1% in the fourth quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock valued at $305,000 after purchasing 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 purchasing an additional 706 shares in the last quarter. Curated Wealth Partners LLC grew its stake in Permian Resources by 1.1% in the fourth quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock valued at $991,000 after purchasing an additional 747 shares in the last quarter. Finally, Callahan Advisors LLC grew its stake in Permian Resources by 4.8% in the fourth quarter. Callahan Advisors LLC now owns 22,093 shares of the company’s stock valued at $310,000 after purchasing an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Insider Buying and Selling

In other Permian Resources news, EVP Guy M. Oliphint sold 62,769 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.44, for a total value of $1,282,998.36. Following the completion of the sale, the executive vice president owned 542,503 shares of the company’s stock, valued at $11,088,761.32. The trade was a 10.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aron Marquez sold 7,750 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $19.62, for a total value of $152,055.00. Following the completion of the sale, the director directly owned 72,218 shares of the company’s stock, valued at $1,416,917.16. This represents a 9.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,438,198 shares of company stock worth $27,865,280 over the last ninety days. 5.00% of the stock is currently owned by corporate insiders.

Permian Resources Price Performance

Shares of NYSE:PR opened at $19.18 on Friday. Permian Resources Corporation has a fifty-two week low of $11.92 and a fifty-two week high of $22.67. The business has a 50-day moving average of $20.50 and a two-hundred day moving average of $17.54. The stock has a market capitalization of $16.06 billion, a P/E ratio of 22.30 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.66 and a quick ratio of 0.66.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Permian Resources had a return on equity of 10.53% and a net margin of 12.79%.The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Permian Resources Corporation will post 2 EPS for the current fiscal year.

Permian Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.3%. Permian Resources’s payout ratio is currently 74.42%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial boosted their target price on Permian Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings downgraded Permian Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Mizuho boosted their target price on Permian Resources from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada boosted their target price on Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, KeyCorp assumed coverage on Permian Resources in a research note on Tuesday, April 7th. They issued an “overweight” rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.69.

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.