Concurrent Investment Advisors LLC Purchases 22,164 Shares of Permian Resources Corporation $PR

Posted by Brian Himes on Sep 11th, 2026

Concurrent Investment Advisors LLC lifted its holdings in Permian Resources Corporation (NYSE:PR – Free Report) by 41.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,526 shares of the company’s stock after purchasing an additional 22,164 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Permian Resources were worth $1,390,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Midwest Professional Planners LTD. increased its holdings in shares of Permian Resources by 11.5% in the 2nd quarter. Midwest Professional Planners LTD. now owns 34,024 shares of the company’s stock worth $626,000 after buying an additional 3,515 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new position in shares of Permian Resources in the 2nd quarter valued at about $1,656,000. Quantitative Investment Management LLC bought a new position in shares of Permian Resources in the 2nd quarter valued at about $665,000. New Mexico Educational Retirement Board grew its position in Permian Resources by 7.1% in the second quarter. New Mexico Educational Retirement Board now owns 153,468 shares of the company’s stock worth $2,825,000 after acquiring an additional 10,200 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Permian Resources by 3.9% in the second quarter. Wellington Management Group LLP now owns 20,156,113 shares of the company’s stock worth $371,074,000 after acquiring an additional 763,059 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Seaport Research Partners assumed coverage on Permian Resources in a research report on Thursday, September 3rd. They set a “buy” rating and a $29.00 price objective on the stock. Evercore began coverage on Permian Resources in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $25.00 target price for the company. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 target price on shares of Permian Resources in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Permian Resources from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Finally, UBS Group reduced their price objective on shares of Permian Resources from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Six research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $24.00.

Read Our Latest Analysis on PR

Permian Resources Stock Up 0.5%

Shares of PR opened at $23.73 on Friday. The firm has a fifty day moving average price of $21.43 and a 200-day moving average price of $20.37. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $19.88 billion, a P/E ratio of 15.72 and a beta of 0.49. Permian Resources Corporation has a 12-month low of $11.92 and a 12-month high of $24.20.

Permian Resources (NYSE:PR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. Permian Resources had a net margin of 21.52% and a return on equity of 13.47%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $0.28 EPS. The firm’s revenue was up 55.1% compared to the same quarter last year. Equities research analysts expect that Permian Resources Corporation will post 2.27 earnings per share for the current year.

Permian Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. Permian Resources’s payout ratio is presently 42.38%.

Insider Activity at Permian Resources

In other Permian Resources news, EVP Guy M. Oliphint sold 5,103 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total transaction of $121,196.25. Following the transaction, the executive vice president directly owned 537,400 shares in the company, valued at $12,763,250. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Robert Shannon sold 5,104 shares of Permian Resources stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $23.75, for a total value of $121,220.00. Following the sale, the executive vice president directly owned 1,346,698 shares of the company’s stock, valued at approximately $31,984,077.50. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 15,699 shares of company stock worth $372,851. Company insiders own 5.00% of the company’s stock.

Permian Resources Company Profile

(Free Report)

Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company focused on the acquisition, development and production of hydrocarbon resources in the Permian Basin. Its operations are concentrated in the Delaware and Midland basins of West Texas and southeastern New Mexico, where it develops primarily unconventional oil and natural gas properties.

The company’s production includes crude oil, natural gas and natural gas liquids. Permian Resources operates a portfolio of acreage and drilling locations and uses horizontal drilling and hydraulic fracturing technologies to develop its resources.