Permian Resources Corporation $PR Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Permian Resources Corporation (NYSE:PR) by 32.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 874,305 shares of the company’s stock after selling 414,855 shares during the quarter. Royal Bank of Canada owned 0.10% of Permian Resources worth $18,639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Permian Resources by 4.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after acquiring an additional 607 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Permian Resources by 21.3% during the 1st quarter. Bessemer Group Inc. now owns 3,537 shares of the company’s stock valued at $76,000 after purchasing an additional 621 shares in the last quarter. Waterloo Capital L.P. grew its stake in shares of Permian Resources by 3.1% in the 4th quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after purchasing an additional 657 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Permian Resources by 5.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock worth $192,000 after purchasing an additional 706 shares in the last quarter. Finally, Dean Investment Associates LLC raised its holdings in shares of Permian Resources by 0.3% in the 4th quarter. Dean Investment Associates LLC now owns 265,615 shares of the company’s stock worth $3,727,000 after purchasing an additional 922 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Permian Resources news, EVP Guy M. Oliphint sold 62,769 shares of Permian Resources stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.44, for a total transaction of $1,282,998.36. Following the transaction, the executive vice president directly owned 542,503 shares in the company, valued at approximately $11,088,761.32. The trade was a 10.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Permian Resources Price Performance

PR stock opened at $20.33 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. Permian Resources Corporation has a one year low of $11.92 and a one year high of $22.67. The firm has a market capitalization of $17.02 billion, a PE ratio of 13.46 and a beta of 0.48. The firm has a 50-day moving average of $19.55 and a two-hundred day moving average of $19.21.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, May 6th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Permian Resources had a net margin of 21.52% and a return on equity of 13.65%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Permian Resources Corporation will post 1.94 earnings per share for the current year.

Permian Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. Permian Resources’s dividend payout ratio (DPR) is currently 74.42%.

Wall Street Analyst Weigh In

Several analysts recently commented on PR shares. Citigroup cut their target price on shares of Permian Resources from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Evercore started coverage on Permian Resources in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $25.00 price target on the stock. UBS Group cut their price objective on Permian Resources from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Zacks Research downgraded Permian Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company set a $26.00 target price on Permian Resources in a report on Monday, May 25th. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Permian Resources has an average rating of “Buy” and a consensus target price of $23.29.

Trending Headlines about Permian Resources

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

• Positive Sentiment: Quarterly results exceeded expectations: Permian Resources reported Q2 adjusted earnings of $0.69 per share, ahead of the $0.59 consensus estimate, while revenue reached $1.86 billion versus expectations of $1.66 billion. Revenue increased 55.1% year over year, and EPS rose substantially from $0.28 in the prior-year quarter. Permian Resources Q2 earnings report
• Positive Sentiment: Strong operating performance: Average production was 376.4 thousand barrels of oil equivalent per day, including 198.1 thousand barrels per day of oil. The company also generated $1.506 billion in cash from operations, supporting its financial flexibility. Permian Resources Announces Strong Second Quarter 2026 Results
• Positive Sentiment: 2026 plan points to continued growth: Management outlined oil production guidance of approximately 199,000 barrels per day and expects to invest about $1.95 billion in capital expenditures. The earnings call emphasized the company’s cash generation and growth outlook, which likely boosted investor confidence. Permian Resources 2026 plan
• Neutral Sentiment: Shareholder distribution maintained: The company declared a quarterly dividend of $0.16 per share, payable September 30 to shareholders of record September 16. The dividend provides ongoing income support, although the announcement itself was not a major change to the investment thesis.
• Neutral Sentiment: Capital spending remains significant: The planned $1.95 billion investment should support production growth, but it also represents a substantial cash commitment and leaves the stock exposed to changes in oil, natural gas and NGL prices.

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.