Permian Resources Corporation (NYSE:PR) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in shares of Permian Resources Corporation (NYSE:PR - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,990,938 shares of the company's stock after selling 83,197 shares during the period. Permian Resources accounts for about 1.5% of Leeward Investments LLC MA's holdings, making the stock its 10th biggest position. Leeward Investments LLC MA owned about 0.25% of Permian Resources worth $27,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Permian Resources by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,339,873 shares of the company's stock valued at $62,407,000 after acquiring an additional 176,320 shares in the last quarter. Channing Capital Management LLC lifted its position in shares of Permian Resources by 286.1% in the fourth quarter. Channing Capital Management LLC now owns 620,138 shares of the company's stock valued at $8,918,000 after acquiring an additional 459,516 shares in the last quarter. M&T Bank Corp lifted its position in shares of Permian Resources by 60.9% in the fourth quarter. M&T Bank Corp now owns 53,742 shares of the company's stock valued at $773,000 after acquiring an additional 20,340 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Permian Resources by 93.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,634 shares of the company's stock valued at $51,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Permian Resources by 21.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 179,769 shares of the company's stock valued at $2,490,000 after acquiring an additional 31,812 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Permian Resources Trading Down 0.7%

PR traded down $0.11 during trading on Friday, hitting $14.07. 6,542,907 shares of the company's stock were exchanged, compared to its average volume of 9,739,282. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $16.95. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.60. The firm has a market cap of $11.30 billion, a P/E ratio of 8.68 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.34.

Permian Resources (NYSE:PR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Permian Resources had a return on equity of 11.96% and a net margin of 22.74%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company earned $0.25 EPS. Permian Resources's revenue was up 10.7% on a year-over-year basis. As a group, analysts expect that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.15 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.27%. Permian Resources's dividend payout ratio (DPR) is currently 37.04%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Permian Resources from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Bank of America increased their target price on Permian Resources from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. UBS Group increased their target price on Permian Resources from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on Permian Resources from $21.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their target price on Permian Resources from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.33.

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.