Tudor Investment Corp ET AL Boosts Stock Holdings in Permian Resources Co. (NYSE:PR)

Tudor Investment Corp ET AL increased its position in shares of Permian Resources Co. (NYSE:PR - Free Report) by 127.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,212 shares of the company's stock after buying an additional 86,959 shares during the period. Tudor Investment Corp ET AL's holdings in Permian Resources were worth $2,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Permian Resources by 0.5% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 140,548 shares of the company's stock valued at $2,021,000 after acquiring an additional 662 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Permian Resources by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 176,600 shares of the company's stock valued at $2,540,000 after purchasing an additional 700 shares during the period. CIBC Asset Management Inc increased its stake in shares of Permian Resources by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 15,703 shares of the company's stock worth $226,000 after purchasing an additional 805 shares in the last quarter. Principal Securities Inc. raised its position 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 purchasing an additional 852 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Permian Resources by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 129,520 shares of the company's stock valued at $1,862,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PR shares. Morgan Stanley reduced their target price on Permian Resources from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Piper Sandler reduced their price objective on Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Susquehanna lowered their target price on shares of Permian Resources from $20.00 to $19.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Bank of America reduced their target price on shares of Permian Resources from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup cut shares of Permian Resources from a "buy" rating to a "reduce" rating in a research note on Wednesday, March 5th. One investment 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 MarketBeat.com, Permian Resources has an average rating of "Moderate Buy" and an average target price of $18.67.

Insider Transactions at Permian Resources

In other Permian Resources 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 transaction of $58,058.50. Following the sale, the chief financial officer now directly owns 130,467 shares in the company, valued at $1,825,233.33. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert Regan Shannon sold 2,731 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $14.02, for a total transaction of $38,288.62. Following the sale, the chief accounting officer now directly 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. In the last three months, insiders have sold 9,685 shares of company stock worth $135,687. 6.44% of the stock is currently owned by insiders.

Permian Resources Stock Performance

NYSE PR opened at $12.20 on Friday. The stock has a market cap of $9.80 billion, a PE ratio of 7.39, a P/E/G ratio of 4.05 and a beta of 3.81. Permian Resources Co. has a twelve month low of $10.01 and a twelve month high of $17.62. The stock has a fifty day simple moving average of $12.59 and a 200-day simple moving average of $13.96. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40.

Permian Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Monday, March 17th. Permian Resources's dividend payout ratio (DPR) is 41.96%.

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.

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