Key Points
- EVP John Charles Bell sold 70,249 shares on Jan. 5 at an average of $13.76 (≈$966,626) and followed with another 106,399-share sale on Jan. 6, trimming his holding to 482,841 shares.
- Several other senior executives, including CEOs William M. Hickey III and James H. Walter, sold large blocks on Jan. 5–6 (CEO sales totaling roughly $10.6M), marking a notable insider liquidity event that materially reduced their stakes.
- Permian Resources recently reported a quarterly EPS miss (earnings $0.08 vs. $0.30 est.), trades around $13.50 with a market cap near $11.2B, and pays a quarterly dividend of $0.15 (≈4.4% yield).
Permian Resources Corporation (NYSE:PR - Get Free Report) EVP John Charles Bell sold 70,249 shares of the business's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $13.76, for a total transaction of $966,626.24. Following the transaction, the executive vice president owned 482,841 shares in the company, valued at approximately $6,643,892.16. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
John Charles Bell also recently made the following trade(s):
- On Tuesday, January 6th, John Charles Bell sold 106,399 shares of Permian Resources stock. The shares were sold at an average price of $13.63, for a total value of $1,450,218.37.
Permian Resources Trading Down 0.9%
Shares of Permian Resources stock opened at $13.50 on Thursday. The company's fifty day moving average price is $13.90 and its two-hundred day moving average price is $13.61. The firm has a market capitalization of $11.19 billion, a PE ratio of 12.38 and a beta of 0.66. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $16.03. 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 (NYSE:PR - Get Free Report) 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). Permian Resources had a net margin of 15.65% and a return on equity of 11.03%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts expect that Permian Resources Corporation will post 1.45 EPS for the current year.
Permian Resources Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Wednesday, December 17th. Permian Resources's dividend payout ratio (DPR) is currently 55.05%.
Key Stories 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)
Wall Street Analyst Weigh In
A number of equities analysts recently commented on PR shares. Piper Sandler reduced their price target on Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, November 18th. UBS Group boosted their target price on Permian Resources from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Morgan Stanley reaffirmed an "overweight" rating on shares of Permian Resources in a report on Thursday, November 20th. Wall Street Zen upgraded shares of Permian Resources from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Permian Resources in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.07.
Get Our Latest Report on PR
Institutional Investors Weigh In On Permian Resources
Several large investors have recently modified their holdings of the stock. Hilltop National Bank lifted its stake in 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 last quarter. Tudor Investment Corp ET AL increased its position in Permian Resources by 14,373.0% in the third quarter. Tudor Investment Corp ET AL now owns 1,635,450 shares of the company's stock worth $20,934,000 after buying an additional 1,624,150 shares during the last quarter. Allworth Financial LP raised its stake in shares of Permian Resources by 18.7% in the third quarter. Allworth Financial LP now owns 6,445 shares of the company's stock valued at $82,000 after buying an additional 1,015 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Permian Resources by 74.6% in the third quarter. Swiss Life Asset Management Ltd now owns 27,078 shares of the company's stock valued at $347,000 after buying an additional 11,572 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Permian Resources during the 3rd quarter valued at $1,324,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
Permian Resources Company Profile
(
Get Free Report)
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.
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