Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Permian Resources Corporation (NYSE:PR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $5.63 million in Permian Resources Corporation, acquiring 406,560 shares and holding 0.05% of the company's stock as of their latest SEC filing.
• Institutional investors own 91.84% of Permian Resources, with significant recent investments from firms like Barrow Hanley Mewhinney & Strauss LLC and Price T Rowe Associates Inc., which increased their holdings significantly in the last quarter.
• Permian Resources announced a quarterly dividend of $0.15 per share, representing a 4.36% dividend yield, with a payout ratio of 37.04%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Permian Resources Corporation (NYSE:PR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 406,560 shares of the company's stock, valued at approximately $5,631,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Permian Resources at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PR. Virtu Financial LLC bought a new position in shares of Permian Resources in the fourth quarter valued at $211,000. LPL Financial LLC lifted its stake in shares of Permian Resources by 26.7% in the fourth quarter. LPL Financial LLC now owns 223,762 shares of the company's stock valued at $3,218,000 after buying an additional 47,087 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new position in shares of Permian Resources in the fourth quarter valued at $512,000. New Age Alpha Advisors LLC bought a new position in shares of Permian Resources in the fourth quarter valued at $1,958,000. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Permian Resources by 12.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 81,300 shares of the company's stock valued at $1,169,000 after buying an additional 8,969 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Permian Resources Stock Down 1.7%

PR traded down $0.24 on Thursday, hitting $14.03. The company had a trading volume of 1,045,562 shares, compared to its average volume of 10,031,779. The stock has a fifty day moving average price of $13.77 and a 200-day moving average price of $13.54. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $16.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 8.70 and a beta of 1.25.

Permian Resources (NYSE:PR - Get Free Report) last released 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). Permian Resources had a return on equity of 11.96% and a net margin of 22.74%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm earned $0.25 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts predict that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, June 16th. This represents a $0.60 annualized dividend and a yield of 4.28%. Permian Resources's dividend payout ratio (DPR) is presently 37.04%.

Analyst Upgrades and Downgrades

PR has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Permian Resources from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company dropped their price target on shares of Permian Resources from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Raymond James Financial reissued a "strong-buy" rating and set a $23.00 price target (up from $20.00) on shares of Permian Resources in a research report on Monday, May 19th. UBS Group raised their price target on shares of Permian Resources from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Bank of America raised their price target on shares of Permian Resources from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $18.47.

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.