Schonfeld Strategic Advisors LLC Has $3.20 Million Stake in Permian Resources Co. (NYSE:PR)

Schonfeld Strategic Advisors LLC trimmed its position in Permian Resources Co. (NYSE:PR - Free Report) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,794 shares of the company's stock after selling 43,573 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Permian Resources were worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in Permian Resources by 73.6% during the 4th quarter. Principal Securities Inc. now owns 2,010 shares of the company's stock worth $29,000 after acquiring an additional 852 shares during the period. ORG Wealth Partners LLC bought a new position in Permian Resources in the 4th quarter valued at about $31,000. Global Retirement Partners LLC increased its stake in Permian Resources by 98.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company's stock valued at $36,000 after buying an additional 1,232 shares during the period. Rakuten Securities Inc. raised its position in shares of Permian Resources by 1,152.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company's stock worth $36,000 after buying an additional 2,305 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in shares of Permian Resources in the 4th quarter worth approximately $41,000. 91.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Permian Resources

In other Permian Resources news, EVP John Charles Bell sold 2,804 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $14.03, for a total transaction of $39,340.12. Following the sale, the executive vice president now owns 74,433 shares of the company's stock, valued at approximately $1,044,294.99. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert Regan Shannon sold 2,731 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $14.02, for a total value of $38,288.62. Following the sale, the chief accounting officer now owns 58,668 shares in the company, valued at $822,525.36. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,685 shares of company stock valued at $135,687 in the last ninety days. 6.44% of the stock is currently owned by corporate insiders.

Permian Resources Stock Performance

Shares of PR traded up $0.12 during mid-day trading on Tuesday, reaching $12.00. The company's stock had a trading volume of 12,341,967 shares, compared to its average volume of 9,828,193. Permian Resources Co. has a 1-year low of $10.01 and a 1-year high of $17.62. The business has a 50-day simple moving average of $12.50 and a two-hundred day simple moving average of $13.93. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40. The stock has a market cap of $9.64 billion, a P/E ratio of 7.27, a PEG ratio of 4.05 and a beta of 1.20.

Permian Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.15 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 5.00%. Permian Resources's dividend payout ratio (DPR) is presently 41.96%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America decreased their target price on Permian Resources from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley cut their target price on shares of Permian Resources from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Permian Resources from $21.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Williams Trading set a $19.00 price objective on Permian Resources in a research report on Wednesday, March 5th. Finally, Piper Sandler decreased their target price on Permian Resources from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

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.