Dynamic Technology Lab Private Ltd Buys 54,479 Shares of Permian Resources Corporation $PR

Dynamic Technology Lab Private Ltd grew its stake in shares of Permian Resources Corporation (NYSE:PR) by 310.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,039 shares of the company’s stock after buying an additional 54,479 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Permian Resources were worth $922,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC grew its stake in shares of Permian Resources by 26.8% during the third quarter. Natixis Advisors LLC now owns 1,230,781 shares of the company’s stock valued at $15,754,000 after buying an additional 260,274 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Permian Resources by 24.7% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 13,263,570 shares of the company’s stock valued at $169,774,000 after acquiring an additional 2,628,744 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in Permian Resources by 6.4% in the third quarter. Ramirez Asset Management Inc. now owns 177,460 shares of the company’s stock worth $2,271,000 after purchasing an additional 10,660 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Permian Resources by 11.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 264,714 shares of the company’s stock worth $3,388,000 after acquiring an additional 28,032 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Permian Resources by 34.1% during the third quarter. Barclays PLC now owns 1,222,867 shares of the company’s stock valued at $15,653,000 after purchasing an additional 310,766 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

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

Analysts Set New Price Targets

PR has been the topic of several analyst reports. Mizuho upped their price objective on Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. 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 research report on Friday. Zacks Research upgraded Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Permian Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, The Goldman Sachs Group boosted their price target on Permian Resources from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Permian Resources has an average rating of “Moderate Buy” and an average target price of $19.69.

Permian Resources Trading Up 0.2%

Shares of NYSE PR opened at $18.88 on Monday. Permian Resources Corporation has a 1-year low of $10.01 and a 1-year high of $19.38. The stock has a market capitalization of $15.66 billion, a P/E 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. The business has a fifty day moving average price of $15.99 and a 200 day moving average price of $14.40.

Permian Resources (NYSE:PR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.36 EPS. Permian Resources’s revenue was down 9.8% on a year-over-year basis. Equities research analysts expect that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.16 dividend. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. Permian Resources’s dividend payout ratio (DPR) is 51.20%.

Insider Activity

In other Permian Resources news, CEO William M. Hickey III sold 898,423 shares of Permian Resources stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the completion of the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. The trade was a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James H. Walter sold 673,425 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $12,377,551.50. Following the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. This trade represents a 6.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,965,093 shares of company stock valued at $62,487,101. 6.44% of the stock is owned by insiders.

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.