Permian Resources (NYSE:PR) EVP Robert Regan Shannon Sells 5,000 Shares

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total transaction of $91,400.00. Following the completion of the transaction, the executive vice president directly owned 1,351,802 shares of the company’s stock, valued at $24,710,940.56. This represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, March 3rd, Robert Regan Shannon sold 3,865 shares of Permian Resources stock. The shares were sold at an average price of $18.71, for a total transaction of $72,314.15.
• On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The stock was sold at an average price of $13.63, for a total value of $1,450,300.15.
• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total value of $966,695.04.

Permian Resources Stock Up 1.2%

NYSE:PR traded up $0.22 on Friday, hitting $19.06. 6,431,986 shares of the company’s stock traded hands, compared to its average volume of 12,167,167. The company has a market cap of $15.81 billion, a PE ratio of 15.25 and a beta of 0.66. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $19.38. 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 50-day moving average price of $15.89 and a 200-day moving average price of $14.34.

Permian Resources (NYSE:PR) last posted its quarterly 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. Equities analysts anticipate 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. Investors of record on Tuesday, March 17th will be issued a dividend of $0.16 per share. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 17th. Permian Resources’s dividend payout ratio 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PR. Citigroup increased their price objective on Permian Resources from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reduced their price objective on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Raymond James Financial reissued a “strong-buy” rating and set a $21.00 target price on shares of Permian Resources in a research report on Thursday, February 26th. Susquehanna reduced their price target on Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded Permian Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Hedge Funds Weigh In On Permian Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Permian Resources by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 75,404,843 shares of the company’s stock worth $1,057,930,000 after purchasing an additional 3,941,318 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Permian Resources by 16.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 31,635,572 shares of the company’s stock valued at $443,856,000 after buying an additional 4,533,732 shares during the period. Bank of New York Mellon Corp grew its position in Permian Resources by 115.5% during the fourth quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company’s stock worth $352,906,000 after buying an additional 13,483,136 shares in the last quarter. State Street Corp increased its stake in Permian Resources by 2.0% during the fourth quarter. State Street Corp now owns 23,553,393 shares of the company’s stock valued at $330,454,000 after acquiring an additional 460,158 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in 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 acquiring an additional 1,421,059 shares during the period. Institutional investors own 91.84% of the company’s stock.

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.