Cookson Peirce & Co. Inc. Has $1.38 Million Holdings in Permian Resources Corporation $PR

Cookson Peirce & Co. Inc. increased its position in shares of Permian Resources Corporation (NYSE:PR) by 48.5% in the 4th quarter, HoldingsChannel reports. The firm owned 98,024 shares of the company’s stock after acquiring an additional 32,000 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Permian Resources were worth $1,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in Permian Resources by 4.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock worth $224,000 after purchasing an additional 607 shares during the period. Waterloo Capital L.P. lifted its position in Permian Resources by 3.1% during the fourth 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 period. Kingswood Wealth Advisors LLC lifted its position in Permian Resources by 5.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock worth $192,000 after purchasing an additional 706 shares during the period. Curated Wealth Partners LLC lifted its position in Permian Resources by 1.1% during the fourth quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock worth $991,000 after purchasing an additional 747 shares during the period. Finally, Callahan Advisors LLC lifted its position in Permian Resources by 4.8% during the fourth quarter. Callahan Advisors LLC now owns 22,093 shares of the company’s stock worth $310,000 after purchasing an additional 1,004 shares during the period. Institutional investors own 91.84% of the company’s stock.

Insider Activity at Permian Resources

In other news, EVP Guy M. Oliphint sold 62,769 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.44, for a total value of $1,282,998.36. Following the completion of the transaction, the executive vice president owned 542,503 shares of the company’s stock, valued at approximately $11,088,761.32. This represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aron Marquez sold 7,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $19.62, for a total value of $152,055.00. Following the completion of the transaction, the director directly owned 72,218 shares of the company’s stock, valued at $1,416,917.16. This represents a 9.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,438,198 shares of company stock worth $27,865,280 over the last three months. 5.00% of the stock is owned by insiders.

Permian Resources Stock Up 0.0%

PR stock opened at $19.18 on Monday. The stock has a market capitalization of $16.06 billion, a P/E ratio of 22.30 and a beta of 0.48. 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 12 month low of $11.92 and a 12 month high of $22.67. The firm has a 50-day moving average price of $20.50 and a 200-day moving average price of $17.57.

Permian Resources (NYSE:PR) last posted its earnings results on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Permian Resources had a net margin of 12.79% and a return on equity of 10.53%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities research analysts anticipate that Permian Resources Corporation will post 2.01 EPS for the current fiscal year.

Permian Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.3%. Permian Resources’s dividend payout ratio is 74.42%.

Wall Street Analyst Weigh In

PR has been the subject of several recent analyst reports. Weiss Ratings cut shares of Permian Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. BMO Capital Markets raised shares of Permian Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Mizuho upped their price objective on shares of Permian Resources from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a research report on Thursday, February 26th. Finally, Benchmark cut shares of Permian Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.69.

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.