BNP Paribas Financial Markets Acquires 996,138 Shares of Permian Resources Corporation $PR

Key Points

• BNP Paribas Financial Markets sharply increased its stake in Permian Resources in the fourth quarter, buying 996,138 additional shares and lifting its holdings by 578.3% to 1,168,396 shares worth about $16.4 million.
• Several other institutional investors also boosted positions, and institutions now own 91.84% of Permian Resources, underscoring heavy professional ownership of the stock.
• Permian Resources reported better-than-expected Q1 earnings of $0.39 per share and announced a quarterly dividend of $0.16 per share, while analysts remain generally positive with a Moderate Buy consensus and an average target price of $22.69.

BNP Paribas Financial Markets raised its holdings in shares of Permian Resources Corporation (NYSE:PR - Free Report) by 578.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,168,396 shares of the company's stock after purchasing an additional 996,138 shares during the period. BNP Paribas Financial Markets owned 0.14% of Permian Resources worth $16,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PR. Boston Partners increased its stake in shares of Permian Resources by 76.2% during the third quarter. Boston Partners now owns 17,350,663 shares of the company's stock valued at $222,099,000 after purchasing an additional 7,503,654 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Permian Resources by 10.4% during the third quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company's stock valued at $914,733,000 after purchasing an additional 6,705,644 shares in the last quarter. Millennium Management LLC increased its stake in shares of Permian Resources by 210.6% during the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company's stock valued at $126,081,000 after purchasing an additional 6,678,814 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Permian Resources by 20.9% during the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company's stock valued at $346,919,000 after purchasing an additional 4,691,280 shares in the last quarter. Finally, Merewether Investment Management LP increased its holdings in shares of Permian Resources by 63.5% during the third quarter. Merewether Investment Management LP now owns 8,836,137 shares of the company's stock valued at $113,103,000 after acquiring an additional 3,431,900 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Insiders Place Their Bets

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

Key Permian Resources News

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

• Positive Sentiment: KeyCorp raised its Q3 2026 EPS estimate to $0.68 from $0.61, suggesting stronger expected profitability later this year.
• Positive Sentiment: KeyCorp lifted its Q4 2026 EPS estimate to $0.62 from $0.60 and also increased FY2026 EPS expectations to $2.22 from $2.18, signaling improved full-year outlook.
• Positive Sentiment: The broker maintained a Strong Buy rating, which may help support sentiment despite the forecast changes.
• Neutral Sentiment: A separate Zacks note said Permian Resources was up only slightly since its last earnings report, with the article framing whether post-earnings momentum can continue. Permian Resources (PR) Up 0.4% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: KeyCorp trimmed its Q2 2026 EPS estimate to $0.53 from $0.57, which may have weighed on the stock because it signals weaker near-term earnings.
• Negative Sentiment: The firm also lowered its Q2 2027 and Q3 2027 EPS estimates slightly, and cut FY2027 EPS to $2.46 from $2.48, reinforcing a more cautious longer-term view.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of Permian Resources in a report on Friday, March 27th. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target on shares of Permian Resources in a report on Thursday, February 26th. The Goldman Sachs Group raised their price target on Permian Resources from $17.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, March 11th. Weiss Ratings downgraded Permian Resources from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 12th. Finally, KeyCorp assumed coverage on Permian Resources in a report on Tuesday, April 7th. They set an "overweight" rating and a $25.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.69.

Permian Resources Price Performance

Shares of NYSE:PR opened at $19.18 on Friday. Permian Resources Corporation has a 1-year low of $11.92 and a 1-year high of $22.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day moving average price of $20.50 and a 200-day moving average price of $17.54. The company has a market capitalization of $16.06 billion, a PE ratio of 22.30 and a beta of 0.48.

Permian Resources (NYSE:PR - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Permian Resources had a return on equity of 10.53% and a net margin of 12.79%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company earned $0.44 EPS. Permian Resources's revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts expect that Permian Resources Corporation will post 2.01 EPS for the current fiscal year.

Permian Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 16th. Permian Resources's dividend payout ratio (DPR) is presently 74.42%.

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.

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