Bokf Na Has $3.54 Million Stock Holdings in Permian Resources Co. (NASDAQ:PR)

Bokf Na increased its position in Permian Resources Co. (NASDAQ:PR) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,027 shares of the company’s stock after purchasing an additional 10,011 shares during the quarter. Bokf Na’s holdings in Permian Resources were worth $3,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PR. Principal Financial Group Inc. raised its position in Permian Resources by 47.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,725,462 shares of the company’s stock worth $23,466,000 after acquiring an additional 554,694 shares in the last quarter. Mount Lucas Management LP bought a new position in shares of Permian Resources during the fourth quarter worth approximately $746,000. DRW Securities LLC acquired a new stake in Permian Resources during the fourth quarter worth approximately $1,904,000. Franklin Resources Inc. raised its holdings in Permian Resources by 74.2% in the 4th quarter. Franklin Resources Inc. now owns 351,681 shares of the company’s stock valued at $4,783,000 after acquiring an additional 149,851 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Permian Resources by 10.4% in the first quarter. American International Group Inc. now owns 830,432 shares of the company’s stock worth $14,665,000 after purchasing an additional 78,146 shares during the period. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PR. JPMorgan Chase & Co. raised their price objective on Permian Resources from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Susquehanna upped their price target on shares of Permian Resources from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Wolfe Research began coverage on Permian Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of Permian Resources in a research note on Thursday, July 11th. Finally, Mizuho raised their price objective on shares of Permian Resources from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.43.

Insider Buying and Selling

In other Permian Resources news, Director Jeffrey Tepper sold 65,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $16.42, for a total transaction of $1,067,300.00. Following the transaction, the director now owns 158,665 shares in the company, valued at approximately $2,605,279.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.80% of the stock is owned by insiders.

Permian Resources Trading Down 0.2 %

Shares of PR traded down $0.03 during mid-day trading on Monday, reaching $15.28. The company’s stock had a trading volume of 5,060,798 shares, compared to its average volume of 9,873,170. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42. Permian Resources Co. has a 52 week low of $11.17 and a 52 week high of $18.28. The company’s fifty day moving average price is $15.87 and its two-hundred day moving average price is $15.81. The stock has a market cap of $11.76 billion, a PE ratio of 10.94, a P/E/G ratio of 0.60 and a beta of 4.37.

Permian Resources (NASDAQ:PR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.17 billion. Permian Resources had a return on equity of 11.43% and a net margin of 13.90%. On average, analysts predict that Permian Resources Co. will post 1.7 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 21st were issued a $0.06 dividend. The ex-dividend date was Monday, May 20th. This is a positive change from Permian Resources’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.57%. Permian Resources’s dividend payout ratio (DPR) is 21.82%.

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.