William Hickey III Sells 898,423 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) CEO William Hickey III sold 898,423 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $16,513,014.74. Following the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at $172,577,263.90. This represents a 8.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Permian Resources Price Performance

Shares of NYSE PR opened at $18.88 on Friday. The business has a fifty day moving average price of $15.99 and a two-hundred day moving average price of $14.38. The stock has a market capitalization of $15.66 billion, a PE ratio of 15.10 and a beta of 0.66. 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 Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.36 EPS. Permian Resources’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, equities analysts predict that Permian Resources Corporation will post 1.45 earnings per share 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. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. Permian Resources’s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PR shares. Citigroup upped their price target on shares of Permian Resources from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. 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 report on Friday, December 12th. TD Cowen upgraded Permian Resources to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group raised their target price on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. Finally, Piper Sandler lifted their price target on Permian Resources from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Permian Resources has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Hedge Funds Weigh In On Permian Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SHP Wealth Management bought a new stake in shares of Permian Resources during the fourth quarter worth $27,000. Fearnley Asset Management AS bought a new position in shares of Permian Resources in the 4th quarter valued at $7,175,000. Virtu Financial LLC bought a new position in shares of Permian Resources in the 4th quarter valued at $389,000. Dean Capital Management boosted its holdings in shares of Permian Resources by 3.2% during the 4th quarter. Dean Capital Management now owns 139,966 shares of the company’s stock valued at $1,964,000 after acquiring an additional 4,320 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Permian Resources by 3.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,092,438 shares of the company’s stock valued at $127,567,000 after acquiring an additional 341,674 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

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 material upside and likely supporting buying interest. Piper Sandler raises target
• Positive Sentiment: UBS increased its target to $23 and kept a “buy” rating, another buy-side endorsement that can attract institutional flows. UBS raises target
• Positive Sentiment: Citigroup lifted its target to $21 and reiterated a “buy” note, adding to the cluster of upgrades. Citigroup raises target
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (ex‑div Mar 17; payable Mar 31), increasing yield and making the shares more attractive to income-focused investors. MarketBeat — Dividend announcement
• Positive Sentiment: Large institutional purchases reported earlier (BNY Mellon, Vanguard, Millennium et al.) show heavy institutional ownership and recent inflows that can support the stock on positive news. MarketBeat — Institutional holdings
• Neutral Sentiment: Q4 results were mixed — EPS beat ($0.37 vs. $0.28) but revenue missed and was down ~9.8% YoY. The print supports valuation but raises questions on top-line momentum. MarketBeat — Q4 results
• Neutral Sentiment: Analyst coverage roundup (Benzinga) highlights divergent targets/ratings — useful context for trading but not a single directional catalyst. Benzinga analyst roundup
• Negative Sentiment: Clustered insider selling: multiple senior executives disclosed multi‑million‑dollar sales (including large blocks by the CEO and other EVPs). Heavy insider dispositions can sap sentiment and raise questions about timing/intent. InsiderTrades — Insider selling
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which could reduce urgency among some buy‑side managers despite other upgrades. MSN — Benchmark downgrade

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.