Insider Selling: Permian Resources (NYSE:PR) EVP Sells $1,450,300.15 in Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 106,405 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total value of $1,450,300.15. Following the sale, the executive vice president owned 360,667 shares of the company’s stock, valued at $4,915,891.21. This represents a 22.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Robert Regan Shannon also recently made the following trade(s):

• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total value of $966,695.04.

Permian Resources Stock Performance

Shares of PR stock opened at $14.06 on Friday. The company has a market capitalization of $11.66 billion, a P/E ratio of 12.89 and a beta of 0.66. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $16.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average price of $13.96 and a two-hundred day moving average price of $13.62.

Permian Resources (NYSE:PR) last issued its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22). Permian Resources had a return on equity of 11.03% and a net margin of 15.65%.The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts expect that Permian Resources Corporation will post 1.45 earnings per share for the current year.

Permian Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, December 17th. Permian Resources’s dividend payout ratio is 55.05%.

Institutional Trading of Permian Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Vident Advisory LLC lifted its position in Permian Resources by 9.9% during the 1st quarter. Vident Advisory LLC now owns 11,321 shares of the company’s stock valued at $157,000 after acquiring an additional 1,019 shares during the period. Royal Bank of Canada increased its stake in shares of Permian Resources by 65.3% during the first quarter. Royal Bank of Canada now owns 1,484,088 shares of the company’s stock valued at $20,555,000 after purchasing an additional 586,115 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Permian Resources during the first quarter valued at approximately $283,000. AQR Capital Management LLC boosted its position in shares of Permian Resources by 69.2% in the 1st quarter. AQR Capital Management LLC now owns 149,696 shares of the company’s stock worth $2,060,000 after purchasing an additional 61,230 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Permian Resources by 13.3% in the 1st quarter. Alliancebernstein L.P. now owns 1,198,265 shares of the company’s stock worth $16,596,000 after buying an additional 140,791 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Company completed a previously announced corporate reorganization, exchanging Class C for Class A shares to better align management and public holders — a governance step that can reduce structural overhang. Permian Resources Completes Corporate Reorganization
• Positive Sentiment: Wall Street coverage remains constructive with multiple buy/overweight ratings and mid-to-high‑teens/low‑$20s price targets — supportive if commodity prices and execution stay favorable. Quiver Quant PR analyst & market summary
• Positive Sentiment: Permian pays a meaningful dividend (recent quarterly $0.15; ~4.3–4.4% yield) that can attract income-oriented holders and provide floor support to the share price. MarketBeat Permian Resources profile
• Neutral Sentiment: Social and message‑board chatter highlights operational strength in the Permian Basin and speculation about M&A or partnerships — interesting for sentiment but not a confirmed near‑term catalyst. Quiver Quant market dynamics
• Negative Sentiment: Multiple senior executives executed large sales in early January (CEOs William Hickey III and James Walter each sold multi‑hundred‑thousand‑share blocks across Jan. 5–6), creating a notable insider liquidity event that can pressure sentiment. SEC Form 4 (Hickey)
• Negative Sentiment: EVPs and other officers (Guy Oliphint, John Charles Bell, Robert Regan Shannon, etc.) also sold significant stakes (individual sales in the ~$1M–$4M range), adding to the volume and signaling broad insider distribution. InsiderTrades: Oliphint sale alert
• Negative Sentiment: Data aggregators note a pattern of insider selling (about a dozen reported insider sales and few/zero purchases over recent months), which investors typically interpret as a negative signal until explained as pre‑arranged/planned transactions. Quiver Quant insider trading summary

Wall Street Analyst Weigh In

A number of research firms have commented on PR. Morgan Stanley reaffirmed an “overweight” rating on shares of Permian Resources in a research report on Thursday, November 20th. Piper Sandler decreased their target price on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Permian Resources in a report on Monday, December 29th. Scotiabank began coverage on shares of Permian Resources in a report on Friday, September 19th. They issued a “sector outperform” rating and a $21.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Permian Resources from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.07.

Permian Resources Company Profile

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.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.