Aptus Capital Advisors LLC Has $284,000 Holdings in Permian Resources Co. (NASDAQ:PR)

Aptus Capital Advisors LLC increased its stake in Permian Resources Co. (NASDAQ:PRFree Report) by 12.4% during the third quarter, Holdings Channel.com reports. The fund owned 20,315 shares of the company’s stock after buying an additional 2,249 shares during the period. Aptus Capital Advisors LLC’s holdings in Permian Resources were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY lifted its stake in shares of Permian Resources by 6.6% in the second quarter. Metropolitan Life Insurance Co NY now owns 13,895 shares of the company’s stock worth $152,000 after acquiring an additional 857 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Permian Resources by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 84,718 shares of the company’s stock valued at $796,000 after buying an additional 972 shares during the period. Chilton Capital Management LLC lifted its stake in Permian Resources by 50.0% in the second quarter. Chilton Capital Management LLC now owns 3,000 shares of the company’s stock valued at $33,000 after buying an additional 1,000 shares during the period. Arizona State Retirement System lifted its stake in Permian Resources by 1.5% in the third quarter. Arizona State Retirement System now owns 71,590 shares of the company’s stock valued at $999,000 after buying an additional 1,041 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in Permian Resources by 2.1% in the third quarter. Orion Portfolio Solutions LLC now owns 62,816 shares of the company’s stock valued at $877,000 after buying an additional 1,275 shares during the period. 53.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Guy M. Oliphint sold 8,975 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $13.68, for a total transaction of $122,778.00. Following the sale, the chief financial officer now owns 92,638 shares of the company’s stock, valued at approximately $1,267,287.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Permian Resources news, major shareholder Encap Partners Gp, Llc sold 7,507,508 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $12.93, for a total value of $97,072,078.44. Following the sale, the insider now owns 29,027,950 shares of the company’s stock, valued at approximately $375,331,393.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Guy M. Oliphint sold 8,975 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $13.68, for a total value of $122,778.00. Following the completion of the sale, the chief financial officer now directly owns 92,638 shares in the company, valued at approximately $1,267,287.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,916,483 shares of company stock valued at $102,558,856. Corporate insiders own 23.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PR. Wells Fargo & Company began coverage on Permian Resources in a research note on Wednesday, November 15th. They issued an “overweight” rating and a $17.00 price target on the stock. Bank of America began coverage on Permian Resources in a research note on Friday, January 5th. They issued a “neutral” rating and a $15.00 price target on the stock. Benchmark boosted their price target on Permian Resources from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus dropped their price target on Permian Resources from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 30th. Finally, Susquehanna lowered their target price on Permian Resources from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.40.

Get Our Latest Report on PR

Permian Resources Stock Down 0.7 %

PR stock opened at $13.43 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.10 and a beta of 4.32. Permian Resources Co. has a fifty-two week low of $8.94 and a fifty-two week high of $15.49. The stock has a fifty day moving average of $13.30 and a 200-day moving average of $13.44.

Permian Resources Company Profile

(Free Report)

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. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks in Reeves County, West Texas and Lea County, New Mexico.

See Also

Want to see what other hedge funds are holding PR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Permian Resources Co. (NASDAQ:PRFree Report).

Institutional Ownership by Quarter for Permian Resources (NASDAQ:PR)

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