New York State Teachers Retirement System Sells 54,654 Shares of Permian Resources Corporation $PR

Key Points

• New York State Teachers Retirement System reduced its stake in Permian Resources by 19.0%, selling 54,654 shares and leaving it with 232,688 shares valued at $3,265,000; institutional investors own about 91.84% of PR.
• Permian reported Q1 EPS of $0.39 (vs. $0.38 est.) and revenue of $1.39B (slightly below $1.41B est.), announced a quarterly dividend of $0.16 (annualized yield ~3.2%), and raised full‑year guidance while analysts carry a consensus Buy with an average target of ~$22.38.
• Insiders have sold a total of 3,130,066 shares worth about $58.84M over the last 90 days, while insiders retain roughly 5.0% ownership, signaling notable insider liquidity.

New York State Teachers Retirement System lowered its position in shares of Permian Resources Corporation (NYSE:PR - Free Report) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,688 shares of the company's stock after selling 54,654 shares during the quarter. New York State Teachers Retirement System's holdings in Permian Resources were worth $3,265,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Permian Resources by 114.1% during the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company's stock valued at $25,000 after acquiring an additional 1,047 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Permian Resources by 340.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company's stock valued at $57,000 after acquiring an additional 3,224 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Permian Resources during the fourth quarter valued at $60,000. Allworth Financial LP raised its holdings in shares of Permian Resources by 18.7% during the third quarter. Allworth Financial LP now owns 6,445 shares of the company's stock valued at $82,000 after purchasing an additional 1,015 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Permian Resources by 237.6% during the 2nd quarter. Rakuten Securities Inc. now owns 7,106 shares of the company's stock worth $97,000 after purchasing an additional 5,001 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Permian Resources Trading Down 5.5%

PR opened at $20.05 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Permian Resources Corporation has a fifty-two week low of $11.92 and a fifty-two week high of $22.67. The firm has a market capitalization of $16.76 billion, a PE ratio of 23.31, a P/E/G ratio of 1.20 and a beta of 0.52. The company's 50-day moving average is $20.12 and its 200 day moving average is $16.49.

Permian Resources (NYSE:PR - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Permian Resources had a net margin of 12.79% and a return on equity of 10.56%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The firm's revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Permian Resources Corporation will post 1.92 earnings per share for the current fiscal year.

Permian Resources Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 16th. Permian Resources's dividend payout ratio is currently 51.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PR. Benchmark cut shares of Permian Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 5th. Susquehanna cut their price objective on shares of Permian Resources from $20.00 to $18.00 and set a "positive" rating on the stock in a research report on Monday, January 26th. Piper Sandler increased their price objective on shares of Permian Resources from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. TD Cowen increased their price objective on shares of Permian Resources from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Permian Resources from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $22.38.

Insider Buying and Selling

In related news, Director Aron Marquez sold 7,750 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $19.62, for a total value of $152,055.00. Following the sale, the director owned 72,218 shares in the company, valued at $1,416,917.16. This represents a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William J. Quinn sold 512,429 shares of the company's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $19.59, for a total transaction of $10,038,484.11. Following the completion of the sale, the director owned 6,914,410 shares in the company, valued at $135,453,291.90. This represents a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,130,066 shares of company stock worth $58,837,655 over the last ninety days. Insiders own 5.00% of the company's stock.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Company reported strong operational Q1 metrics and raised full‑year guidance — management highlighted total average production of ~413 MBoe/d and strong cash flow, and the company updated 2026 guidance higher, which supports longer‑term earnings visibility. Business Wire Q1 Release
• Positive Sentiment: EPS narrowly beat expectations (reported $0.39 vs. $0.38 est.) and the company emphasized margin strength and cash generation — these helped offset some downside from revenue. Yahoo Earnings Snapshot
• Positive Sentiment: Bank of America raised its price target to $22, signaling analyst confidence in the company’s outlook and operational improvement trajectory. BofA PT Raise
• Positive Sentiment: Board declared a quarterly dividend of $0.16/share (annualized yield ~3.3%), which increases cash return to shareholders and can support investor demand.
• Neutral Sentiment: Management provided a detailed earnings presentation/slide deck; useful for modeling but no surprise changes beyond guidance and production data. Earnings Presentation
• Neutral Sentiment: Market commentary noted PR “testing a key technical level” amid broader market volatility — technical selling could amplify moves unrelated to fundamentals. MSN Market Coverage
• Negative Sentiment: Revenue came in slightly below analyst estimates ($1.39B reported vs. $1.41B est.) and year‑over‑year top‑line growth was minimal, which may concern investors focused on sales momentum and could explain near‑term selling pressure. Revenue Miss Report
• Positive Sentiment: Management signaled operational improvement targets — ~6% growth for 2026, potential 5–10% lift in feet‑in‑lateral (TILs) and a target ~$675 per lateral foot — pointing to lower development costs and better future margins. Operational Targets Article

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.

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