Jeffrey Tepper Sells 50,000 Shares of Permian Resources (NYSE:PR) Stock

Permian Resources Corporation (NYSE:PR) Director Jeffrey Tepper sold 50,000 shares of Permian Resources stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $19.38, for a total transaction of $969,000.00. Following the transaction, the director owned 150,546 shares in the company, valued at approximately $2,917,581.48. This trade represents a 24.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Permian Resources Stock Performance

Shares of Permian Resources stock opened at $19.52 on Wednesday. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 15.61 and a beta of 0.66. Permian Resources Corporation has a twelve month low of $10.01 and a twelve month high of $19.64. The company’s fifty day moving average is $16.72 and its 200 day moving average is $14.65. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR) last announced 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. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.Permian Resources’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. Sell-side analysts forecast that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.3%. 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 dividend payout ratio is 48.00%.

Key Headlines Impacting Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Permian achieved investment‑grade credit ratings, improving funding flexibility and lowering financing risk — a meaningful credibility boost for an E&P company. Read More.
• Positive Sentiment: TD Cowen raised its price target to $22 and set a “buy” rating, reinforcing upside expectations among institutional investors. Read More.
• Positive Sentiment: Wells Fargo upgraded PR to “overweight” and lifted its target to $21, adding to recent analyst momentum. Read More.
• Positive Sentiment: Barron’s included Permian as one of its underappreciated energy picks to play higher oil — increased media/analyst visibility can attract flows into the stock. Read More.
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (3.3% yield) with an upcoming pay date, which supports interest from income‑focused investors. Read More.
• Neutral Sentiment: Macro/sector tailwinds — Goldman Sachs and other outlets are highlighting energy picks amid geopolitical oil upside; this helps the group but isn’t a company‑specific catalyst. Read More.
• Negative Sentiment: Insider sale: director Jeffrey Tepper sold 50,000 shares (~$969k) and trimmed his holding by ~25%, an SEC‑filed Form 4 that can create short‑term concern among investors sensitive to insider activity. Read More.

Analysts Set New Price Targets

PR has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Permian Resources from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup boosted their price target on shares of Permian Resources from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Benchmark lowered shares of Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Morgan Stanley decreased their price objective 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. Finally, Piper Sandler lifted their target price on shares of Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three 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 $20.85.

Hedge Funds Weigh In On Permian Resources

Several large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Permian Resources by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 24,063 shares of the company’s stock valued at $338,000 after purchasing an additional 1,498 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Permian Resources by 80.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,764 shares of the company’s stock worth $1,133,000 after buying an additional 35,905 shares in the last quarter. SHP Wealth Management purchased a new stake in Permian Resources in the 4th quarter valued at $27,000. Fearnley Asset Management AS bought a new position in Permian Resources during the 4th quarter valued at $7,175,000. Finally, Virtu Financial LLC bought a new position in Permian Resources during the 4th quarter valued at $389,000. Institutional investors own 91.84% of the company’s stock.

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.