Signaturefd LLC decreased its holdings in Permian Resources Co. (NYSE:PR – Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,464 shares of the company’s stock after selling 1,624 shares during the quarter. Signaturefd LLC’s holdings in Permian Resources were worth $61,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of PR. Park Avenue Securities LLC bought a new stake in shares of Permian Resources in the first quarter worth $236,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Permian Resources by 62.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,415 shares of the company’s stock worth $2,674,000 after purchasing an additional 58,090 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Permian Resources by 24.7% in the first quarter. State of Michigan Retirement System now owns 112,700 shares of the company’s stock worth $1,990,000 after purchasing an additional 22,300 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Permian Resources by 2.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 38,347 shares of the company’s stock worth $677,000 after purchasing an additional 740 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Permian Resources by 94.1% during the first quarter. Commonwealth Equity Services LLC now owns 49,543 shares of the company’s stock valued at $875,000 after acquiring an additional 24,016 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.
Insider Buying and Selling at Permian Resources
In other Permian Resources news, CAO Robert Regan Shannon sold 4,822 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total value of $67,170.46. Following the completion of the sale, the chief accounting officer now owns 61,399 shares in the company, valued at approximately $855,288.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Permian Resources news, CAO Robert Regan Shannon sold 4,822 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total value of $67,170.46. Following the completion of the sale, the chief accounting officer now owns 61,399 shares in the company, valued at approximately $855,288.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Charles Bell sold 4,821 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total transaction of $67,156.53. Following the transaction, the executive vice president now directly owns 77,237 shares of the company’s stock, valued at $1,075,911.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.80% of the company’s stock.
Analyst Upgrades and Downgrades
Permian Resources Trading Down 0.4 %
PR opened at $13.55 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.50. Permian Resources Co. has a fifty-two week low of $12.34 and a fifty-two week high of $18.28. The firm has a market capitalization of $10.87 billion, a PE ratio of 10.84, a P/E/G ratio of 0.84 and a beta of 4.32. The company’s 50-day moving average is $13.93 and its 200 day moving average is $15.24.
Permian Resources (NYSE:PR – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Permian Resources had a net margin of 15.62% and a return on equity of 11.91%. The firm’s revenue was up 99.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts predict that Permian Resources Co. will post 1.46 earnings per share for the current fiscal year.
Permian Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 19th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.24 annualized dividend and a yield of 1.77%. Permian Resources’s dividend payout ratio (DPR) is 19.20%.
Permian Resources Profile
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.
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