Sculptor Capital LP Acquires Shares of 278,361 Permian Resources Co. (NYSE:PR)

Sculptor Capital LP acquired a new stake in Permian Resources Co. (NYSE:PR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 278,361 shares of the company's stock, valued at approximately $4,496,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. YHB Investment Advisors Inc. bought a new stake in Permian Resources during the 1st quarter valued at $26,000. Parallel Advisors LLC increased its position in shares of Permian Resources by 117.0% during the fourth quarter. Parallel Advisors LLC now owns 2,185 shares of the company's stock valued at $30,000 after buying an additional 1,178 shares during the period. Innealta Capital LLC purchased a new stake in shares of Permian Resources in the second quarter worth about $30,000. Rise Advisors LLC bought a new position in shares of Permian Resources in the first quarter valued at approximately $32,000. Finally, Transcendent Capital Group LLC purchased a new position in Permian Resources during the first quarter valued at approximately $36,000. 91.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Permian Resources

In related news, EVP John Charles Bell sold 4,821 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $13.93, for a total value of $67,156.53. Following the transaction, the executive vice president now directly owns 77,237 shares of the company's stock, valued at approximately $1,075,911.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John Charles Bell sold 4,821 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total transaction of $67,156.53. Following the sale, the executive vice president now owns 77,237 shares of the company's stock, valued at approximately $1,075,911.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Regan Shannon sold 4,822 shares of Permian Resources stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $13.93, for a total transaction of $67,170.46. Following the completion of the sale, the chief accounting officer now directly owns 61,399 shares of the company's stock, valued at approximately $855,288.07. The disclosure for this sale can be found here. Insiders own 12.80% of the company's stock.

Permian Resources Trading Up 3.1 %

PR stock traded up $0.41 during trading on Friday, reaching $13.47. The company had a trading volume of 8,327,107 shares, compared to its average volume of 10,063,885. Permian Resources Co. has a 52 week low of $12.34 and a 52 week high of $18.28. The business has a 50 day moving average of $14.30 and a 200 day moving average of $15.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $10.81 billion, a P/E ratio of 12.07, a PEG ratio of 0.81 and a beta of 4.33.

Permian Resources (NYSE:PR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Permian Resources had a return on equity of 11.91% and a net margin of 15.62%. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm's revenue for the quarter was up 99.9% on a year-over-year basis. As a group, sell-side analysts forecast that Permian Resources Co. will post 1.53 earnings per share for the current fiscal year.

Permian Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Monday, August 19th. Permian Resources's dividend payout ratio (DPR) is presently 21.82%.

Analysts Set New Price Targets

PR has been the subject of several analyst reports. Mizuho cut their price target on shares of Permian Resources from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, September 16th. Wolfe Research initiated coverage on Permian Resources in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Susquehanna decreased their price objective on Permian Resources from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Piper Sandler decreased their price target on shares of Permian Resources from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Permian Resources from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.50.

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.