Permian Resources (NYSE:PR) Director Sells $15,320,000.00 in Stock

12 Mar 2026, 22:18 by Doug Wharley · The Cerbat Gem

Permian Resources Corporation (NYSE:PR – Get Free Report) Director William Quinn sold 800,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $19.15, for a total value of $15,320,000.00. Following the completion of the sale, the director directly owned 7,426,839 shares in the company, valued at $142,223,966.85. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Permian Resources Trading Down 1.4%

Shares of PR stock traded down $0.27 during mid-day trading on Thursday, hitting $19.09. 13,605,969 shares of the company’s stock were exchanged, compared to its average volume of 12,691,538. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.64. The stock has a 50-day simple moving average of $16.39 and a two-hundred day simple moving average of $14.54. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 15.27 and a beta of 0.66.

Permian Resources (NYSE:PR – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts expect that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 3.4%. Permian Resources’s dividend payout ratio is currently 48.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their price target on Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. TD Cowen upgraded Permian Resources to a “strong-buy” rating in a report on Monday, February 9th. Citigroup upped their target price on shares of Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Zacks Research upgraded Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group increased their target price on shares of Permian Resources from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.23.

Get Our Latest Stock Report on Permian Resources

Institutional Trading of Permian Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Permian Resources by 115.5% in the fourth quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company’s stock valued at $352,906,000 after acquiring an additional 13,483,136 shares during the last quarter. Boston Partners purchased a new position in Permian Resources during the second quarter valued at approximately $134,119,000. Vanguard Group Inc. increased its holdings in shares of Permian Resources by 10.4% in the third quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company’s stock worth $914,733,000 after purchasing an additional 6,705,644 shares during the period. Millennium Management LLC increased its stake in Permian Resources by 210.6% in the 3rd quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock worth $126,081,000 after acquiring an additional 6,678,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Permian Resources by 20.9% in the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company’s stock worth $346,919,000 after purchasing an additional 4,691,280 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

About Permian Resources

(Get Free Report)

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.