Permian Resources Corporation $PR Stake Cut by Principal Financial Group Inc.

Key Points

• Principal Financial Group trimmed its position in Permian Resources by 11.3% in Q4, selling 590,664 shares and ending the quarter with 4,647,674 shares (about 0.56% of the company) worth roughly $65.2 million.
• Permian reported strong Q1 operational results and a slight EPS beat ($0.39 vs. $0.38), raised full‑year/2026 guidance, and declared a $0.16 quarterly dividend (annualized yield ~3.2%), while multiple analysts have raised price targets and the consensus rating remains Buy (consensus PT $22.38).
• Significant insider selling occurred recently: CEO William M. Hickey III sold 898,423 shares and director William J. Quinn sold 800,000 shares, with insiders offloading 3,130,066 shares (~$58.8M) over the past 90 days, leaving insiders with about 5% ownership.

Principal Financial Group Inc. lessened its holdings in Permian Resources Corporation (NYSE:PR - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,647,674 shares of the company's stock after selling 590,664 shares during the quarter. Principal Financial Group Inc. owned approximately 0.56% of Permian Resources worth $65,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PR. Farther Finance Advisors LLC boosted its holdings in shares of Permian Resources by 114.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company's stock valued at $25,000 after buying an additional 1,047 shares during the period. EverSource Wealth Advisors LLC raised its stake in Permian Resources by 340.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company's stock worth $57,000 after acquiring an additional 3,224 shares during the period. FNY Investment Advisers LLC bought a new position in Permian Resources in the fourth quarter worth about $60,000. Allworth Financial LP lifted its holdings in Permian Resources by 18.7% in the third quarter. Allworth Financial LP now owns 6,445 shares of the company's stock worth $82,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Permian Resources by 237.6% in the second quarter. Rakuten Securities Inc. now owns 7,106 shares of the company's stock valued at $97,000 after acquiring an additional 5,001 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Permian Resources News Roundup

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

Wall Street Analysts Forecast Growth

PR has been the topic of a number of research reports. 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 report on Thursday, March 5th. Morgan Stanley reissued an "overweight" rating on shares of Permian Resources in a report on Friday, March 27th. Piper Sandler upped their price target 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. Wells Fargo & Company increased their price objective on shares of Permian Resources from $21.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, April 10th. Finally, Scotiabank boosted their target price on shares of Permian Resources from $21.00 to $25.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Permian Resources currently has a consensus rating of "Buy" and a consensus price target of $22.38.

Insider Buying and Selling at Permian Resources

In related news, CEO William M. Hickey III sold 898,423 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the sale, the chief executive officer owned 9,389,405 shares of the company's stock, valued at $172,577,263.90. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Quinn sold 800,000 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $19.15, for a total value of $15,320,000.00. Following the completion of the sale, the director owned 7,426,839 shares of the company's stock, valued at $142,223,966.85. This trade represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,130,066 shares of company stock valued at $58,837,655. 5.00% of the stock is currently owned by company insiders.

Permian Resources Trading Down 5.5%

NYSE:PR opened at $20.05 on Friday. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.20 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Permian Resources Corporation has a 1 year low of $11.92 and a 1 year high of $22.67. The business has a fifty day moving average of $20.12 and a 200-day moving average of $16.49.

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

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. Permian Resources's dividend payout ratio (DPR) is 51.20%.

Permian Resources 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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