John Charles Bell Sells 158,385 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) EVP John Charles Bell sold 158,385 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.39, for a total value of $2,912,700.15. Following the transaction, the executive vice president directly owned 1,567,172 shares in the company, valued at $28,820,293.08. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Charles Bell also recently made the following trade(s):

• On Tuesday, March 3rd, John Charles Bell sold 4,128 shares of Permian Resources stock. The stock was sold at an average price of $18.71, for a total value of $77,234.88.
• 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 transaction of $966,626.24.

Permian Resources Stock Performance

NYSE:PR opened at $18.88 on Friday. The stock has a 50-day simple moving average of $15.99 and a two-hundred day simple moving average of $14.38. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $19.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $15.66 billion, a PE ratio of 15.10 and a beta of 0.66.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts forecast that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

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

Key Stories 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 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

Analyst Upgrades and Downgrades

PR has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on Permian Resources from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Morgan Stanley dropped their target price on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. UBS Group raised their target price on shares of Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark cut shares of Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Permian Resources in a report on Monday, December 29th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Institutional Trading of Permian Resources

A number of large investors have recently made changes to their positions in PR. SHP Wealth Management bought a new position in shares of Permian Resources in the fourth quarter worth about $27,000. Fearnley Asset Management AS bought a new stake in Permian Resources during the 4th quarter valued at about $7,175,000. Virtu Financial LLC purchased a new position in Permian Resources during the 4th quarter worth $389,000. Dean Capital Management grew its holdings in Permian Resources by 3.2% during the 4th quarter. Dean Capital Management now owns 139,966 shares of the company’s stock worth $1,964,000 after acquiring an additional 4,320 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in 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 purchasing an additional 341,674 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

About Permian Resources

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.