Permian Resources Co. (NYSE:PR) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in Permian Resources Co. (NYSE:PR - Free Report) by 502.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,965 shares of the company's stock after buying an additional 150,113 shares during the quarter. XTX Topco Ltd's holdings in Permian Resources were worth $2,588,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. lifted its stake in shares of Permian Resources by 73.6% in the 4th quarter. Principal Securities Inc. now owns 2,010 shares of the company's stock valued at $29,000 after purchasing an additional 852 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Permian Resources in the fourth quarter worth about $31,000. Global Retirement Partners LLC boosted its stake in shares of Permian Resources by 98.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company's stock worth $36,000 after acquiring an additional 1,232 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Permian Resources by 1,152.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company's stock worth $36,000 after buying an additional 2,305 shares during the period. Finally, RE Dickinson Investment Advisors LLC acquired a new position in Permian Resources during the fourth quarter worth $41,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Permian Resources Trading Up 4.7 %

Shares of NYSE:PR traded up $0.54 during midday trading on Friday, reaching $12.04. 13,331,521 shares of the company's stock were exchanged, compared to its average volume of 9,686,800. The firm's 50 day simple moving average is $13.02 and its two-hundred day simple moving average is $14.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.68 and a quick ratio of 0.68. Permian Resources Co. has a fifty-two week low of $10.01 and a fifty-two week high of $17.62. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of 4.05 and a beta of 3.81.

Permian Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Monday, March 17th. Permian Resources's dividend payout ratio (DPR) is 41.96%.

Insider Transactions at Permian Resources

In related news, CFO Guy M. Oliphint sold 4,150 shares of Permian Resources stock in a transaction 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 trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,685 shares of company stock worth $135,687 over the last ninety days. Company insiders own 12.80% of the company's stock.

Analyst Ratings Changes

PR has been the subject of several research analyst reports. Citigroup downgraded shares of Permian Resources from a "buy" rating to a "reduce" rating in a research report on Wednesday, March 5th. Morgan Stanley decreased their target price on Permian Resources from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Susquehanna raised Permian Resources from a "neutral" rating to a "positive" rating and increased their price objective for the company from $17.00 to $20.00 in a research note on Wednesday, March 5th. Royal Bank of Canada decreased their price objective on Permian Resources from $18.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced 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. 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.73.

About Permian Resources

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.