XTX Topco Ltd Has $2.59 Million Position in Permian Resources Co. (NYSE:PR)

XTX Topco Ltd boosted its position in Permian Resources Co. (NYSE:PR) by 502.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. increased its position 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 acquiring an additional 852 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Permian Resources during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC raised 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 purchasing an additional 1,232 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Permian Resources by 1,152.5% in the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company’s stock valued at $36,000 after buying an additional 2,305 shares during the last quarter. Finally, RE Dickinson Investment Advisors LLC acquired a new position in Permian Resources during the fourth quarter worth $41,000. Institutional investors own 91.84% of the company’s stock.

Permian Resources Stock Performance

Shares of NYSE:PR opened at $11.05 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40. Permian Resources Co. has a 12-month low of $10.01 and a 12-month high of $18.06. The company’s 50 day moving average price is $13.33 and its two-hundred day moving average price is $14.20. The firm has a market cap of $8.87 billion, a PE ratio of 6.69, a PEG ratio of 4.05 and a beta of 3.81.

Permian Resources Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.43%. Permian Resources’s dividend payout ratio (DPR) is presently 41.96%.

Insider Buying and Selling at Permian Resources

In other Permian Resources news, CFO Guy M. Oliphint sold 4,150 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $13.99, for a total value of $58,058.50. Following the transaction, the chief financial officer now directly owns 130,467 shares of the company’s stock, valued at $1,825,233.33. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Regan Shannon sold 2,731 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $14.02, for a total transaction of $38,288.62. Following the sale, the chief accounting officer now directly owns 58,668 shares of the company’s stock, 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 9,685 shares of company stock valued at $135,687 in the last three months. Corporate insiders own 12.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PR. Bank of America lowered their price objective on shares of Permian Resources from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Piper Sandler cut their price objective on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on Permian Resources from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Susquehanna raised Permian Resources from a “neutral” rating to a “positive” rating and raised their price target for the company from $17.00 to $20.00 in a report on Wednesday, March 5th. Finally, Truist Financial upped their price objective on shares of Permian Resources from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Permian Resources currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

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.