6 days Ago By ABMN Staff
Mariner LLC lessened its holdings in Permian Resources Co. ( NYSE:PR – Free Report ) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 53,707 shares of the company’s stock after selling 3,606 shares during the quarter. Mariner LLC’s holdings in Permian Resources were worth $772,000 as of its most recent SEC filing. A number of other large investors have also recently modified their holdings of the business.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Permian Resources by 0.5% during 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 in the last quarter.
Louisiana State Employees Retirement System boosted its holdings in shares of Permian Resources by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 176,600 shares of the company’s stock valued at $2,540,000 after acquiring an additional 700 shares in the last quarter.
CIBC Asset Management Inc boosted its holdings in shares of Permian Resources by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 15,703 shares of the company’s stock valued at $226,000 after acquiring an additional 805 shares in the last quarter.
Principal Securities Inc. boosted its holdings 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 valued at $29,000 after acquiring an additional 852 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Permian Resources by 0.
7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 129,520 shares of the company’s stock valued at $1,862,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 91.
84% of the company’s stock. Insiders Place Their Bets In other news, Director William J. Quinn bought 500,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd.
The shares were bought at an average cost of $13.07 per share, for a total transaction of $6,535,000.00.
Following the acquisition, the director now directly owns 812,429 shares in the company, valued at approximately $10,618,447.03. This trade represents a 160.
04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Robert Regan Shannon sold 2,731 shares of the stock in a transaction on Monday, March 3rd.
The stock was sold at an average price of $14.02, for a total value of $38,288.62.
Following the completion of the transaction, the chief accounting officer now owns 58,668 shares in the company, valued at approximately $822,525.36. This represents a 4.
45 % decrease in their ownership of the stock. 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.
Corporate insiders own 12.80% of the company’s stock. Permian Resources Price Performance Permian Resources Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Monday, March 17th were issued a dividend of $0.15 per share. This represents a $0.
60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Monday, March 17th.
Permian Resources’s payout ratio is 41.96%. Analyst Upgrades and Downgrades Several research firms recently weighed in on PR.
Bank of America cut their price objective on Permian Resources from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st.
Morgan Stanley cut their target price on Permian Resources from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th.
Piper Sandler decreased their price target 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 cut their price objective on Permian Resources from $20.00 to $19.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd.
Finally, Truist Financial increased their target price on shares of Permian Resources from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 13th.
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. According to MarketBeat, Permian Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.
Check Out Our Latest Report on PR Permian Resources Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding PR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Permian Resources Co. ( NYSE:PR – Free Report ).
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