Permian Resources Co. (NYSE:PR) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. lifted its holdings in Permian Resources Co. (NYSE:PR - Free Report) by 100,064.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,087 shares of the company's stock after purchasing an additional 53,034 shares during the quarter. NBC Securities Inc.'s holdings in Permian Resources were worth $735,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. boosted its position in shares of Permian Resources by 73.6% in the 4th quarter. Principal Securities Inc. now owns 2,010 shares of the company's stock valued at $29,000 after purchasing an additional 852 shares during the period. Global Retirement Partners LLC grew its holdings in Permian Resources by 98.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company's stock valued at $36,000 after buying an additional 1,232 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Permian Resources by 1,152.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company's stock worth $36,000 after purchasing an additional 2,305 shares in the last quarter. RE Dickinson Investment Advisors LLC bought a new position in shares of Permian Resources during the 4th quarter worth approximately $41,000. Finally, Lindbrook Capital LLC lifted its position in shares of Permian Resources by 294.8% during the 4th quarter. Lindbrook Capital LLC now owns 2,886 shares of the company's stock worth $42,000 after buying an additional 2,155 shares during the period. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PR shares. Susquehanna decreased their target price on Permian Resources from $20.00 to $19.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada increased their target price on Permian Resources from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Morgan Stanley dropped their price objective on Permian Resources from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Williams Trading set a $19.00 price target on Permian Resources in a research note on Wednesday, March 5th. Finally, Bank of America raised their target price on Permian Resources from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.56.

Permian Resources Stock Down 0.4%

PR stock traded down $0.06 on Thursday, reaching $13.12. 9,044,300 shares of the company traded hands, compared to its average volume of 9,675,309. Permian Resources Co. has a one year low of $10.01 and a one year high of $16.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $10.54 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 4.05 and a beta of 1.24. The firm has a fifty day simple moving average of $12.36 and a 200-day simple moving average of $13.76.

Permian Resources (NYSE:PR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Permian Resources had a return on equity of 11.15% and a net margin of 21.20%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Research analysts anticipate that Permian Resources Co. will post 1.45 earnings per share for the current year.

Permian Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.60 annualized dividend and a yield of 4.57%. Permian Resources's dividend payout ratio (DPR) is presently 37.04%.

About Permian Resources

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.