Blue Trust Inc. Has $45,000 Stock Holdings in Permian Resources Co. (NYSE:PR)

Blue Trust Inc. boosted its holdings in shares of Permian Resources Co. (NYSE:PR) by 399.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,287 shares of the company’s stock after acquiring an additional 2,629 shares during the period. Blue Trust Inc.’s holdings in Permian Resources were worth $45,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PR. Hexagon Capital Partners LLC boosted its position in shares of Permian Resources by 28,542.9% during the third quarter. Hexagon Capital Partners LLC now owns 2,005 shares of the company’s stock worth $27,000 after purchasing an additional 1,998 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Permian Resources during the second quarter worth $30,000. Transcendent Capital Group LLC bought a new position in shares of Permian Resources during the first quarter worth $36,000. UMB Bank n.a. boosted its position in shares of Permian Resources by 99.2% during the third quarter. UMB Bank n.a. now owns 2,791 shares of the company’s stock worth $38,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Permian Resources during the second quarter worth $40,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Permian Resources Stock Down 1.5 %

Shares of PR opened at $13.42 on Friday. Permian Resources Co. has a 52 week low of $12.34 and a 52 week high of $18.28. The firm has a market cap of $10.77 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.83 and a beta of 4.32. The firm’s 50-day simple moving average is $13.89 and its 200 day simple moving average is $15.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.50 and a current ratio of 0.50.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Permian Resources had a net margin of 15.62% and a return on equity of 11.91%. The business’s revenue for the quarter was up 99.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, analysts forecast that Permian Resources Co. will post 1.46 earnings per share for the current year.

Permian Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, August 19th. Permian Resources’s dividend payout ratio (DPR) is presently 19.20%.

Insider Transactions at Permian Resources

In other news, EVP John Charles Bell sold 4,821 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total transaction of $67,156.53. Following the completion of the sale, the executive vice president now owns 77,237 shares of the company’s stock, valued at approximately $1,075,911.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Robert Regan Shannon sold 4,822 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total value of $67,170.46. Following the completion of the transaction, the chief accounting officer now owns 61,399 shares of the company’s stock, valued at $855,288.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Charles Bell sold 4,821 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.93, for a total transaction of $67,156.53. Following the completion of 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PR shares. Susquehanna cut their price objective on shares of Permian Resources from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Wells Fargo & Company cut their price objective on shares of Permian Resources from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Piper Sandler cut their price objective on shares of Permian Resources from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. The Goldman Sachs Group started coverage on shares of Permian Resources in a research report on Monday, September 30th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Permian Resources from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.73.

Permian Resources Company 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.