Venture Visionary Partners LLC Invests $846,000 in Permian Resources Co. (NASDAQ:PR)

Venture Visionary Partners LLC bought a new stake in shares of Permian Resources Co. (NASDAQ:PR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 62,200 shares of the company's stock, valued at approximately $846,000.

Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its holdings in shares of Permian Resources by 50.0% in the 2nd quarter. Chilton Capital Management LLC now owns 3,000 shares of the company's stock worth $33,000 after acquiring an additional 1,000 shares during the last quarter. Quarry LP acquired a new stake in shares of Permian Resources in the first quarter worth about $33,000. Clearstead Advisors LLC acquired a new stake in shares of Permian Resources in the third quarter worth about $45,000. Optimum Investment Advisors acquired a new stake in shares of Permian Resources in the fourth quarter worth about $50,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Permian Resources in the first quarter worth about $52,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PR. Bank of America began coverage on Permian Resources in a research report on Friday, January 5th. They set a "neutral" rating and a $15.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 target price on shares of Permian Resources in a report on Tuesday, March 5th. Truist Financial dropped their price target on Permian Resources from $24.00 to $22.00 and set a "buy" rating for the company in a report on Friday. Citigroup lifted their target price on Permian Resources from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus lifted their target price on Permian Resources from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Permian Resources has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Permian Resources Trading Up 1.2 %

PR stock traded up $0.21 during midday trading on Friday, hitting $17.93. 7,173,298 shares of the company's stock were exchanged, compared to its average volume of 9,377,175. The stock's fifty day moving average price is $15.52 and its 200-day moving average price is $14.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $13.84 billion, a PE ratio of 15.46 and a beta of 4.35. Permian Resources Co. has a one year low of $8.94 and a one year high of $18.07.

Permian Resources (NASDAQ:PR - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Permian Resources had a return on equity of 10.98% and a net margin of 15.26%. Research analysts predict that Permian Resources Co. will post 1.55 earnings per share for the current fiscal year.

Permian Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, March 12th. Permian Resources's dividend payout ratio is 17.24%.

Insider Buying and Selling at Permian Resources

In other Permian Resources news, CEO William M. Hickey III sold 4,000,000 shares of Permian Resources stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $15.71, for a total value of $62,840,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO William M. Hickey III sold 4,000,000 shares of Permian Resources stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $15.71, for a total value of $62,840,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brent P. Jensen sold 1,853 shares of Permian Resources stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $14.64, for a total value of $27,127.92. Following the completion of the sale, the chief accounting officer now directly owns 1,047,610 shares in the company, valued at approximately $15,337,010.40. The disclosure for this sale can be found here. Insiders have sold 32,916,943 shares of company stock valued at $516,796,999 in the last 90 days. 23.14% of the stock is currently owned by company insiders.

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.