<div id="readability-page-1"><p>Ranger Investment Management L.P. cut its stake in  Permian Resources Corporation (NYSE:PR - Free Report) by 38.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The fund owned 1,457,615 shares of the company's stock after selling 920,649 shares during the quarter. Ranger Investment Management L.P. owned 0.18% of Permian Resources worth $19,853,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>Permian Resources</strong> alerts:</span></p></div><ul><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li></ul><p>Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of  Permian Resources by 70.1% in the 2nd quarter. Nordea Investment Management AB now owns 490,311 shares of the company's stock worth $6,727,000 after purchasing an additional 202,026 shares during the period.  Friedenthal Financial bought a new stake in shares of  Permian Resources in the second quarter valued at $871,000.  American Century Companies Inc. lifted its position in shares of  Permian Resources by 20.3% during the 2nd quarter. American Century Companies Inc. now owns 11,043,274 shares of the company's stock valued at $150,409,000 after buying an additional 1,863,632 shares during the last quarter.  UMB Bank n.a. lifted its position in shares of  Permian Resources by 12.6% during the 2nd quarter. UMB Bank n.a. now owns 6,953 shares of the company's stock valued at $95,000 after buying an additional 778 shares during the last quarter.  Finally, Advisors Asset Management Inc. grew its stake in shares of  Permian Resources by 5.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 325,956 shares of the company's stock worth $4,440,000 after acquiring an additional 18,081 shares during the period. 91.84% of the stock is owned by institutional investors. </p><h2>Permian Resources Stock Down 0.2%</h2><p>Shares of Permian Resources stock opened at $14.64 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.67. Permian Resources Corporation has a 52-week low of $10.01 and a 52-week high of $16.03. The company's 50 day moving average price is $13.36 and its 200-day moving average price is $13.59. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 13.43 and a beta of 0.70. </p><ul><li>These 3 Dividend Stocks Combine Strong Yields With Upside</li></ul><p>Permian Resources (NYSE:PR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Permian Resources had a net margin of 15.65% and a return on equity of 11.03%. The business's revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share.  Equities research analysts forecast that  Permian Resources Corporation will post 1.45 EPS for the current year. </p><h2>Permian Resources Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, December 17th. Permian Resources's dividend payout ratio  is currently 55.05%. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Institutional Investors Bet $1B on These 4 Stocks—Should You?</li></ul><p>Several research firms have recently weighed in on PR. Morgan Stanley  reiterated an &#34;overweight&#34; rating on shares of Permian Resources in a research note on Thursday, November 20th. UBS Group upped their price target on shares of Permian Resources from $17.00 to $19.00 and gave the stock a &#34;buy&#34; rating in a report on Friday. Scotiabank began coverage on shares of Permian Resources in a research report on Friday, September 19th. They set a &#34;sector outperform&#34; rating and a $21.00 target price for the company. William Blair began coverage on Permian Resources in a research report on Monday, August 25th. They set an &#34;outperform&#34; rating on the stock. Finally, The Goldman Sachs Group boosted their target price on Permian Resources from $17.00 to $18.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued  a Buy rating, one  has given a Hold rating and one  has assigned  a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $19.07.</p><p><b>Get Our Latest Report on PR</b></p><h2>Permian Resources Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Permian Resources</li><li>What is the MACD Indicator and How to Use it in Your Trading</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding PR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Permian Resources Corporation (NYSE:PR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Permian Resources Right Now?</h2><p>Before you consider Permian Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permian Resources wasn't on the list.</p><p>While Permian Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ranger Investment Management L.P. reduced its stake in Permian Resources Corporation by 38.7% in Q2, selling 920,649 shares. Permian Resources stock opened at $14.64, with a market cap of $12.14 billion. Analysts forecast a 1.45 EPS for the year. The company announced a quarterly dividend of $0.15 per share, with a yield of 4.1%. Several analysts have given the stock a buy rating, with target prices ranging from $17 to $21.</p>

Ranger Investment Management L.P. Sells 920,649 Shares of Permian Resources Corporation $PR