King Luther Capital Management Corp Buys 146,836 Shares of Permian Resources Corporation $PR

Posted by Brenda Bartman on May 27th, 2026

King Luther Capital Management Corp grew its stake in shares of Permian Resources Corporation (NYSE:PR – Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,422,559 shares of the company’s stock after buying an additional 146,836 shares during the quarter. King Luther Capital Management Corp’s holdings in Permian Resources were worth $76,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Permian Resources by 340.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after purchasing an additional 3,224 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Permian Resources in the fourth quarter worth about $60,000. Farther Finance Advisors LLC grew its stake in shares of Permian Resources by 126.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,442 shares of the company’s stock worth $62,000 after purchasing an additional 2,477 shares during the last quarter. Allworth Financial LP grew its stake in shares of Permian Resources by 18.7% in the third quarter. Allworth Financial LP now owns 6,445 shares of the company’s stock worth $82,000 after purchasing an additional 1,015 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Permian Resources in the fourth quarter worth about $82,000. 91.84% of the stock is owned by institutional investors.

Permian Resources Stock Performance

Shares of PR opened at $19.61 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.66 and a quick ratio of 0.66. Permian Resources Corporation has a one year low of $11.92 and a one year high of $22.67. The company has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $17.22. The firm has a market capitalization of $16.42 billion, a PE ratio of 22.80 and a beta of 0.52.

Permian Resources (NYSE:PR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Permian Resources had a net margin of 12.79% and a return on equity of 10.53%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business posted $0.44 earnings per share. Permian Resources’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Permian Resources Corporation will post 1.97 EPS for the current fiscal year.

Permian Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.64 annualized dividend and a yield of 3.3%. Permian Resources’s dividend payout ratio (DPR) is 74.42%.

Insiders Place Their Bets

In other Permian Resources news, CEO James H. Walter sold 673,425 shares of the firm’s stock in a transaction dated 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 in the company, valued at $172,577,263.90. This trade represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Tepper sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $19.38, for a total transaction of $969,000.00. Following the completion of the sale, the director owned 150,546 shares of the company’s stock, valued at $2,917,581.48. This trade represents a 24.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,192,835 shares of company stock valued at $60,120,653 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PR has been the topic of several recent analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 target price on shares of Permian Resources in a research note on Thursday, February 26th. Wells Fargo & Company set a $26.00 target price on Permian Resources in a research note on Monday. Citigroup raised their target price on Permian Resources from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. UBS Group raised their target price on Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings cut Permian Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Permian Resources currently has an average rating of “Buy” and an average price target of $22.31.

Read Our Latest Report on Permian Resources

About Permian Resources

(Free Report)

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.