Key Points
- John Charles Bell, EVP, sold 158,385 shares at an average of $18.39 for a total of $2,912,700.15, reducing his stake by 9.18% to 1,567,172 shares.
- That sale is part of a cluster of large insider dispositions—including CEO William M. Hickey III (898,423 shares, ~ $16.5M) and James H. Walter (673,425 shares, ~ $12.4M)—which could pressure investor sentiment.
- Operationally, Permian beat EPS expectations ($0.37 vs. $0.28) while revenue fell 9.8% year-over-year, and the company raised its quarterly dividend to $0.16 (annualized $0.64, ~3.4% yield).
Permian Resources Corporation (NYSE:PR - Get Free Report) EVP Robert Regan Shannon sold 3,865 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $18.71, for a total value of $72,314.15. Following the transaction, the executive vice president directly owned 1,356,802 shares of the company's stock, valued at $25,385,765.42. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Robert Regan Shannon also recently made the following trade(s):
- On Wednesday, March 4th, Robert Regan Shannon sold 5,000 shares of Permian Resources stock. The shares were sold at an average price of $18.28, for a total value of $91,400.00.
- On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The shares were 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 shares were sold at an average price of $13.76, for a total transaction of $966,695.04.
Permian Resources Trading Up 1.2%
NYSE:PR traded up $0.22 on Friday, reaching $19.06. The stock had a trading volume of 6,431,986 shares, compared to its average volume of 12,167,167. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $19.38. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 15.25 and a beta of 0.66. The firm's fifty day moving average is $15.89 and its two-hundred day moving average is $14.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.
Permian Resources (NYSE:PR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business 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 earnings per share. The company's revenue was down 9.8% on a year-over-year basis. Equities analysts expect that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.
Permian Resources Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. This is a positive change from Permian Resources's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 17th. Permian Resources's payout ratio is 51.20%.
Wall Street Analysts Forecast Growth
PR has been the subject of several recent analyst reports. Wall Street Zen upgraded Permian Resources from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. Citigroup boosted their target price on shares of Permian Resources from $17.00 to $21.00 and gave the company a "buy" rating in a report on Friday. Raymond James Financial reaffirmed a "strong-buy" rating and set a $21.00 price target on shares of Permian Resources in a research report on Thursday, February 26th. TD Cowen upgraded shares of Permian Resources to a "strong-buy" rating in a report on Monday, February 9th. Finally, Mizuho boosted their price objective on shares of Permian Resources from $19.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. Two investment 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.69.
Get Our Latest Research Report on Permian Resources
Permian Resources News Summary
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.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in Permian Resources by 115.5% during the 4th quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company's stock worth $352,906,000 after purchasing an additional 13,483,136 shares during the period. Boston Partners acquired a new position in shares of Permian Resources during the second quarter worth about $134,119,000. Vanguard Group Inc. boosted its position in shares of Permian Resources by 10.4% in the third quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company's stock worth $914,733,000 after buying an additional 6,705,644 shares during the period. Millennium Management LLC grew its stake in shares of Permian Resources by 210.6% in the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company's stock valued at $126,081,000 after buying an additional 6,678,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Permian Resources by 20.9% in the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company's stock valued at $346,919,000 after buying an additional 4,691,280 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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