Viking Fund Management LLC Has $9.70 Million Stock Position in Permian Resources Corporation $PR

Viking Fund Management LLC lowered its stake in Permian Resources Corporation (NYSE:PR) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 691,000 shares of the company’s stock after selling 50,000 shares during the quarter. Viking Fund Management LLC’s holdings in Permian Resources were worth $9,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Permian Resources by 114.1% in the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after buying an additional 1,047 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Permian Resources by 340.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock valued at $57,000 after acquiring an additional 3,224 shares in the last quarter. Allworth Financial LP lifted its position in shares of Permian Resources by 18.7% in the 3rd quarter. Allworth Financial LP now owns 6,445 shares of the company’s stock valued at $82,000 after acquiring an additional 1,015 shares in the last quarter. Hilltop National Bank boosted its stake in Permian Resources by 27.4% in the 4th quarter. Hilltop National Bank now owns 7,009 shares of the company’s stock worth $98,000 after purchasing an additional 1,509 shares during the period. Finally, Rakuten Securities Inc. grew its position in Permian Resources by 237.6% during the 2nd quarter. Rakuten Securities Inc. now owns 7,106 shares of the company’s stock worth $97,000 after purchasing an additional 5,001 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PR shares. Raymond James Financial reissued a “strong-buy” rating and set a $21.00 target price on shares of Permian Resources in a research note on Thursday, February 26th. Citigroup lifted their price target on Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday, March 6th. TD Cowen upped their price target on Permian Resources from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Bank of America reissued a “neutral” rating and issued a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Finally, Benchmark lowered Permian Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.07.

Trending Headlines about Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Truist initiated/upgraded coverage on PR with a buy / strong-buy and set a $24 price target (about a mid‑teens upside from the current level), providing a clear analyst catalyst for demand. Truist Initiates Coverage Benzinga Report TickerReport
• Positive Sentiment: UBS reiterated its buy rating on PR, reinforcing sell‑side conviction and supporting investor confidence. UBS Rating
• Positive Sentiment: Goldman Sachs continues to list Permian Resources among its buy/energy picks, highlighting upside and dividend attributes that can attract institutional flows. Goldman Sachs Coverage Goldman Sachs Energy Picks
• Positive Sentiment: Short interest fell ~15% month‑over‑month to ~19.08M shares (≈2.6% of float), lowering potential short‑sell pressure and reducing a source of downward momentum; days‑to‑cover is low (~1.2 days), so a smaller short base makes upside moves easier to sustain.
• Neutral Sentiment: Operational / financial context: the company recently beat EPS estimates ($0.37 vs $0.28) but reported ~9.8% revenue decline year‑over‑year — a mixed fundamental picture that supports analyst calls but leaves execution/revenue growth as items to monitor going forward.

Permian Resources Stock Up 3.9%

PR stock opened at $20.69 on Wednesday. The company has a 50 day moving average of $17.33 and a two-hundred day moving average of $14.86. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.99 and a beta of 0.66. Permian Resources Corporation has a 12-month low of $10.01 and a 12-month high of $20.76. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $0.36 earnings per share. Permian Resources’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Permian Resources Corporation will post 1.45 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s payout ratio is currently 51.20%.

Insider Activity at Permian Resources

In other news, EVP Guy M. Oliphint sold 4,999 shares of Permian Resources stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total transaction of $91,381.72. Following the completion of the sale, the executive vice president directly owned 605,272 shares in the company, valued at $11,064,372.16. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James H. Walter sold 673,425 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total value of $12,377,551.50. Following the completion of the sale, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at approximately $172,577,263.90. The trade was a 6.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,340,522 shares of company stock worth $89,069,383. 12.80% of the stock is currently owned by corporate insiders.

Permian Resources Profile

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.