Susquehanna Fundamental Investments LLC Invests $1.56 Million in Permian Resources Co. (NYSE:PR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Permian Resources Co. (NYSE:PR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 108,395 shares of the company's stock, valued at approximately $1,559,000.

Several other large investors also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Permian Resources in the fourth quarter valued at $431,676,000. Price T Rowe Associates Inc. MD increased its stake in Permian Resources by 60.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,674,171 shares of the company's stock worth $469,856,000 after acquiring an additional 12,306,854 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Permian Resources by 55.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,813,363 shares of the company's stock valued at $169,864,000 after acquiring an additional 4,236,141 shares during the last quarter. Invesco Ltd. lifted its stake in Permian Resources by 56.1% in the fourth quarter. Invesco Ltd. now owns 7,920,750 shares of the company's stock valued at $113,900,000 after buying an additional 2,845,449 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Permian Resources during the 4th quarter valued at $27,104,000. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

PR has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Permian Resources from $21.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reduced their target price on Permian Resources from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Piper Sandler dropped their price objective on shares of Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Citigroup lowered shares of Permian Resources from a "buy" rating to a "reduce" rating in a research report on Wednesday, March 5th. Finally, Williams Trading set a $19.00 price objective on Permian Resources in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Insider Transactions at Permian Resources

In other Permian Resources news, CAO Robert Regan Shannon sold 2,731 shares of the company's stock in a transaction dated 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 approximately $822,525.36. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Guy M. Oliphint sold 4,150 shares of Permian Resources stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $13.99, for a total value of $58,058.50. Following the completion of the transaction, the chief financial officer now directly owns 130,467 shares in the company, valued at approximately $1,825,233.33. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders 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 NYSE PR traded up $0.24 during mid-day trading on Tuesday, reaching $12.12. 2,053,696 shares of the company were exchanged, compared to its average volume of 9,774,499. The stock has a market capitalization of $9.73 billion, a P/E ratio of 7.38, a P/E/G ratio of 4.05 and a beta of 1.20. 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 Co. has a twelve month low of $10.01 and a twelve month high of $17.62. The company's 50-day simple moving average is $12.55 and its 200-day simple moving average is $13.95.

Permian Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, March 17th. Permian Resources's dividend payout ratio (DPR) is presently 41.96%.

Permian Resources 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.