UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.14 Million Holdings in Permian Resources Co. (NYSE:PR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Permian Resources Co. (NYSE:PR - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,122,352 shares of the company's stock after purchasing an additional 97,403 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Permian Resources worth $16,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Permian Resources by 0.5% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 140,548 shares of the company's stock valued at $2,021,000 after purchasing an additional 662 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Permian Resources by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 176,600 shares of the company's stock valued at $2,540,000 after purchasing an additional 700 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Permian Resources by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 15,703 shares of the company's stock valued at $226,000 after purchasing an additional 805 shares during the period. Principal Securities Inc. raised its holdings 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. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Permian Resources by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 129,520 shares of the company's stock valued at $1,862,000 after purchasing an additional 900 shares during the period. 91.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Permian Resources news, CFO Guy M. Oliphint sold 4,150 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $13.99, for a total value of $58,058.50. Following the sale, the chief financial officer now owns 130,467 shares in the company, valued at $1,825,233.33. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Quinn bought 500,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $13.07 per share, for a total transaction of $6,535,000.00. Following the transaction, the director now directly owns 812,429 shares of the company's stock, valued at approximately $10,618,447.03. This represents a 160.04% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,685 shares of company stock worth $135,687. Corporate insiders own 6.44% of the company's stock.

Permian Resources Stock Performance

Shares of PR traded down $0.18 during mid-day trading on Friday, hitting $12.62. 10,164,601 shares of the company's stock were exchanged, compared to its average volume of 9,678,732. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 4.05 and a beta of 1.20. The stock's 50-day simple moving average is $12.41 and its 200-day simple moving average is $13.80. Permian Resources Co. has a 52 week low of $10.01 and a 52 week high of $16.95.

Permian Resources (NYSE:PR - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Permian Resources had a return on equity of 11.15% and a net margin of 21.20%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. On average, equities research analysts expect that Permian Resources Co. will post 1.45 EPS for the current year.

Permian Resources Announces Dividend

The company also recently declared 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 dividend yield of 4.75%. Permian Resources's dividend payout ratio is 37.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PR shares. JPMorgan Chase & Co. dropped their target price on shares of Permian Resources from $21.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Susquehanna lowered their price target on shares of Permian Resources from $20.00 to $19.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada increased their price target on shares of Permian Resources from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Morgan Stanley lowered their price target on shares of Permian Resources from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their price target on shares of Permian Resources from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.56.

Permian Resources Company Profile

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.