Permian Resources Corporation $PR Shares Sold by Viking Fund Management LLC

Key Points

• Institutional activity was mixed: Viking Fund Management trimmed its stake by 6.7% (sold 50,000 shares, leaving 691,000 shares worth $9.7M), while large institutions including Goldman Sachs, AQR, UBS and Boston Partners materially increased or initiated positions—institutional investors now own about 91.84% of PR.
• Sell‑side sentiment and price targets have trended positive—multiple upgrades (Truist, UBS, Goldman) and an average target of $21.07—and the stock opened at $20.69 (up 3.9%); however, results are mixed operationally, with EPS beating but revenue down ~9.8% year‑over‑year.
• Corporate payouts and insider activity: Permian raised its quarterly dividend to $0.16 ($0.64 annual, ~3.1% yield), while insiders have sold heavily—about 5.34M shares (~$89M) in the last three months, though insiders still own ~12.8% of the company.

Viking Fund Management LLC trimmed its stake in Permian Resources Corporation (NYSE:PR - Free Report) by 6.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 691,000 shares of the company's stock after selling 50,000 shares during the quarter. Viking Fund Management LLC owned approximately 0.08% of Permian Resources worth $9,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Permian Resources by 69.2% in the 1st quarter. AQR Capital Management LLC now owns 149,696 shares of the company's stock valued at $2,060,000 after purchasing an additional 61,230 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Permian Resources by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,452,127 shares of the company's stock valued at $75,512,000 after purchasing an additional 852,347 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Permian Resources by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,209,457 shares of the company's stock valued at $16,751,000 after buying an additional 87,105 shares during the last quarter. Boston Partners bought a new stake in shares of Permian Resources during the second quarter valued at approximately $134,119,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Permian Resources during the second quarter valued at approximately $280,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Truist initiated/upgraded coverage on PR with a buy / strong-buy and set a $24 price target (about a mid‑teens upside from the current level), providing a clear analyst catalyst for demand. Truist Initiates Coverage Benzinga Report TickerReport
• Positive Sentiment: UBS reiterated its buy rating on PR, reinforcing sell‑side conviction and supporting investor confidence. UBS Rating
• Positive Sentiment: Goldman Sachs continues to list Permian Resources among its buy/energy picks, highlighting upside and dividend attributes that can attract institutional flows. Goldman Sachs Coverage Goldman Sachs Energy Picks
• Positive Sentiment: Short interest fell ~15% month‑over‑month to ~19.08M shares (≈2.6% of float), lowering potential short‑sell pressure and reducing a source of downward momentum; days‑to‑cover is low (~1.2 days), so a smaller short base makes upside moves easier to sustain.
• Neutral Sentiment: Operational / financial context: the company recently beat EPS estimates ($0.37 vs $0.28) but reported ~9.8% revenue decline year‑over‑year — a mixed fundamental picture that supports analyst calls but leaves execution/revenue growth as items to monitor going forward.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PR shares. Susquehanna decreased their price objective on Permian Resources from $20.00 to $18.00 and set a "positive" rating for the company in a report on Monday, January 26th. Piper Sandler boosted their price target on Permian Resources from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. UBS Group increased their price target on Permian Resources from $19.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Citigroup raised their price target on Permian Resources from $17.00 to $21.00 and gave the company a "buy" rating in a report on Friday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Permian Resources from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.07.

Permian Resources Stock Up 3.9%

Shares of PR stock opened at $20.69 on Wednesday. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $20.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The business's fifty day moving average is $17.33 and its 200-day moving average is $14.86. The stock has a market cap of $17.30 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 3.99 and a beta of 0.66.

Permian Resources (NYSE:PR - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business posted $0.36 earnings per share. The company's quarterly revenue was down 9.8% on a year-over-year basis. Equities analysts expect that Permian Resources Corporation will post 1.45 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 3.1%. This is an increase from Permian Resources's previous quarterly dividend of $0.15. Permian Resources's dividend payout ratio is presently 51.20%.

Insiders Place Their Bets

In related news, EVP Guy M. Oliphint sold 4,999 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.28, for a total transaction of $91,381.72. Following the completion of the sale, the executive vice president directly owned 605,272 shares of the company's stock, valued at $11,064,372.16. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aron Marquez sold 7,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $19.62, for a total transaction of $152,055.00. Following the sale, the director owned 72,218 shares of the company's stock, valued at $1,416,917.16. The trade was a 9.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,340,522 shares of company stock worth $89,069,383. Company insiders own 12.80% of the company's stock.

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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