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

Permian Resources Corporation (NYSE:PR) EVP John Charles Bell sold 4,128 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $18.71, for a total transaction of $77,234.88. Following the sale, the executive vice president directly owned 1,725,557 shares of the company’s stock, valued at $32,285,171.47. This represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $13.76, for a total value of $966,626.24.

Permian Resources Trading Up 1.7%

NYSE PR traded up $0.32 during trading hours on Thursday, hitting $18.85. 13,122,291 shares of the company’s stock were exchanged, compared to its average volume of 12,453,093. 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 stock has a 50-day simple moving average of $15.89 and a 200 day simple moving average of $14.34. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 15.08 and a beta of 0.66.

Permian Resources (NYSE:PR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $0.36 EPS. Permian Resources’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities analysts forecast that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. This is a boost from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio (DPR) is 48.00%.

Hedge Funds Weigh In On Permian Resources

A number of hedge funds and other institutional investors have recently modified their holdings of PR. Farther Finance Advisors LLC lifted its holdings in Permian Resources by 114.1% during the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after acquiring an additional 1,047 shares during the period. SHP Wealth Management purchased a new stake in Permian Resources during the fourth quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Permian Resources by 154.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock worth $31,000 after acquiring an additional 1,391 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Permian Resources by 90.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock valued at $39,000 after acquiring an additional 1,357 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Permian Resources in the 4th quarter worth approximately $39,000. 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: Piper Sandler raised its price target to $24 and reiterated an Overweight rating, implying roughly a 27% upside from current levels — a strong bullish signal that likely helped lift the stock. Piper Sandler PT raise
• Positive Sentiment: UBS raised its price target to $23 and set a Buy rating (about a 22% implied upside), adding further analyst backing that supports higher investor demand. UBS PT raise
• Neutral Sentiment: Aggregated analyst commentary roundups (coverage summarized by Benzinga) provide broader context on expectations for Permian Resources but do not add a single directional surprise beyond the PT changes. Analyst roundup
• Negative Sentiment: Multiple insiders disclosed sizable sales this week: William M. Hickey III sold 898,423 shares and James H. Walter sold 673,425 shares (each sale at ~ $18.38), plus several EVP-level sales (large percentage reductions for some VPs). These block sales could pressure sentiment or be interpreted as material insider liquidity. Insider filings (sample)
• Negative Sentiment: Benchmark Co. downgraded PR from Buy to Hold, removing one source of buy-side conviction and tempering enthusiasm from some investors. Benchmark downgrade

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PR shares. Benchmark downgraded Permian Resources from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Permian Resources in a report on Monday, December 29th. UBS Group lifted their price objective on shares of Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. Finally, TD Cowen raised shares of Permian Resources to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Permian Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.58.

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.