Jones Financial Companies Lllp Has $426,000 Holdings in Permian Resources Co. (NYSE:PR)

Jones Financial Companies Lllp grew its stake in Permian Resources Co. (NYSE:PR) by 36.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,631 shares of the company’s stock after purchasing an additional 7,958 shares during the period. Jones Financial Companies Lllp’s holdings in Permian Resources were worth $426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Securities Inc. lifted its stake in shares of Permian Resources by 73.6% in the fourth quarter. Principal Securities Inc. now owns 2,010 shares of the company’s stock valued at $29,000 after buying an additional 852 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Permian Resources in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC grew its holdings 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 purchasing an additional 1,232 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Permian Resources by 33.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,192 shares of the company’s stock worth $43,000 after purchasing an additional 800 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Permian Resources during the third quarter valued at approximately $45,000. Institutional investors own 91.84% of the company’s stock.

Permian Resources Stock Performance

PR opened at $12.34 on Tuesday. Permian Resources Co. has a 52-week low of $11.84 and a 52-week high of $18.28. The firm has a market capitalization of $9.91 billion, a PE ratio of 7.48, a PEG ratio of 4.05 and a beta of 4.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.68 and a current ratio of 0.68. The business’s 50-day simple moving average is $14.54 and its 200 day simple moving average is $14.38.

Permian Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 17th. Permian Resources’s dividend payout ratio (DPR) is presently 41.96%.

Insiders Place Their Bets

In related news, EVP John Charles Bell sold 2,804 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $14.03, for a total transaction of $39,340.12. Following the sale, the executive vice president now owns 74,433 shares of the company’s stock, valued at $1,044,294.99. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Guy M. Oliphint sold 8,761 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $15.30, for a total value of $134,043.30. Following the completion of the transaction, the chief financial officer now owns 134,617 shares in the company, valued at $2,059,640.10. The trade was a 6.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,446 shares of company stock valued at $269,731 over the last 90 days. 12.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Williams Trading set a $19.00 price target on shares of Permian Resources in a research report on Wednesday, March 5th. Piper Sandler decreased their price target on shares of Permian Resources from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Citigroup downgraded shares of Permian Resources from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. Truist Financial upped their price objective on Permian Resources from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Susquehanna raised shares of Permian Resources from a “neutral” rating to a “positive” rating and boosted their price target for the company from $17.00 to $20.00 in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.29.

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.