Bokf Na Sells 90,027 Shares of Permian Resources Co. (NYSE:PR)

BOKF NA decreased its position in shares of Permian Resources Co. (NYSE:PR - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,382 shares of the company's stock after selling 90,027 shares during the quarter. BOKF NA's holdings in Permian Resources were worth $2,655,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of 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 stake in Permian Resources during the fourth quarter worth $31,000. Global Retirement Partners LLC boosted its holdings in shares of Permian Resources by 98.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company's stock valued at $36,000 after purchasing an additional 1,232 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Permian Resources by 1,152.5% in the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company's stock valued at $36,000 after purchasing an additional 2,305 shares during the last quarter. Finally, RE Dickinson Investment Advisors LLC bought a new position in shares of Permian Resources in the 4th quarter valued at $41,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PR has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on Permian Resources from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Truist Financial lifted their price target on shares of Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 13th. Piper Sandler dropped their price objective on shares of Permian Resources from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Tuesday. Bank of America cut their target price on shares of Permian Resources from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Williams Trading set a $19.00 price target on shares of Permian Resources in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $18.47.

Permian Resources Stock Up 2.1%

NYSE:PR traded up $0.29 during trading hours on Tuesday, reaching $13.92. The company had a trading volume of 4,726,720 shares, compared to its average volume of 9,897,323. Permian Resources Co. has a twelve month low of $10.01 and a twelve month high of $16.95. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 4.05 and a beta of 1.20. The business's 50-day simple moving average is $12.49 and its two-hundred day simple moving average is $13.90. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40.

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

Permian Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.31%. Permian Resources's dividend payout ratio (DPR) is currently 37.04%.

Insider Buying and Selling at Permian Resources

In related news, CFO Guy M. Oliphint sold 4,150 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $13.99, for a total value of $58,058.50. Following the transaction, the chief financial officer now directly owns 130,467 shares of the company's stock, valued at approximately $1,825,233.33. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Regan Shannon sold 2,731 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $14.02, for a total transaction of $38,288.62. Following the transaction, the chief accounting officer now directly owns 58,668 shares of the company's stock, valued at $822,525.36. This represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,685 shares of company stock worth $135,687. Insiders own 6.44% of the company's stock.

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.