PERMIAN RESOURCES CORP PR
CLASS A COM · Common Stock · CUSIP 71424F105 · ISIN US71424F1057
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersMidland, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($38.5m this quarter). Holder counts are more reliable. Shares outstanding: 769.9m as of 2024-04-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $17.66. Options: 27 managers hold calls ($146.1m notional), 18 hold puts ($45.0m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 222 |
| Q4 2022 | 242 |
| Q1 2023 | 275 |
| Q2 2023 | 264 |
| Q3 2023 | 330 |
| Q4 2023 | 401 |
| Q1 2024 | 433 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 131 | 112 |
| Q1 2023 | 170 | 101 |
| Q2 2023 | 153 | 134 |
| Q3 2023 | 216 | 100 |
| Q4 2023 | 284 | 120 |
| Q1 2024 | 269 | 171 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $61.4m | $19.6m | 0.32 |
| Q3 2023 | $94.8m | $30.8m | 0.33 |
| Q4 2023 | $130.3m | $43.3m | 0.33 |
| Q1 2024 | $146.1m | $45.0m | 0.31 |
Biggest buyers
| BlackRock Inc. | Added | +9.1m |
| EAGLE ASSET MANAGEMENT INC | New | +6.7m |
| VANGUARD GROUP INC | Added | +5.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +5.0m |
| ALLIANCEBERNSTEIN L.P. | Added | +4.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +4.1m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +3.9m |
| FMR LLC | Added | +3.5m |
| Driehaus Capital Management LLC | New | +3.2m |
| Bank of New York Mellon Corp | Added | +2.8m |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -5.9m |
| RIVERSTONE HOLDINGS LLC | Reduced | -4.8m |
| Woodline Partners LP | Reduced | -4.2m |
| EnCap Energy Capital Fund XI, L.P. | Reduced | -3.2m |
| Aventail Capital Group, LP | Reduced | -3.0m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.6m |
| Yaupon Capital Management LP | Reduced | -1.5m |
| River Road Asset Management, LLC | Reduced | -1.5m |
| Ghisallo Capital Management LLC | Reduced | -1.4m |
| Sagefield Capital LP | Reduced | -1.3m |
Biggest calls
| Twin Tree Management, LP | Added | $41.5m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $20.8m1.2m shares |
| GROUP ONE TRADING LLC | Reduced | $18.1m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $13.0m736.4k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $8.8m500.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.7m436.4k shares |
| JANE STREET GROUP, LLC | Reduced | $6.6m373.6k shares |
| D. E. Shaw & Co., Inc. | Added | $4.1m229.8k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $3.0m167.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.9m164.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $11.3m637.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.6m544.6k shares |
| Walleye Capital LLC | Added | $7.4m418.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.8m212.9k shares |
| Cubist Systematic Strategies, LLC | Reduced | $2.6m146.2k shares |
| IMC-Chicago, LLC | New | $1.6m92.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.4m79.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m67.3k shares |
| Twin Tree Management, LP | Added | $1.2m66.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.1m64.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26), EnCap Partners GP, LLC (2.1%, 2026-03-05)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $752.5k | — |
| Q4 2022 | 0 | — | 2 | $2.3m | — |
| Q1 2023 | 0 | — | 4 | $153.7m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 3 | $10.9m | — |
| Q4 2023 | 0 | — | 3 | $78.2m | — |
| Q1 2024 | 0 | — | 7 | $376.2m | $5.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-06 | EnCap Energy Capital Fund VIII, L.P. +4 10% owner · See Footnotes | Sold | $141.4m9.0m shares |
| 2024-03-06 | Walter James H Co-Chief Executive Officer, director | Sold | $62.8m4.0m shares |
| 2024-03-06 | Hickey William M III Co-Chief Executive Officer, director | Sold | $62.8m4.0m shares |
| 2024-03-06 | Anderson Robert John Director | Sold | $15.7m1.0m shares |
| 2024-03-06 | Bell John Charles EVP, General Counsel | Sold | $7.9m500.0k shares |
| 2024-03-04 | Quinn William J Director · See footnote | Sold | $284.0m18.1m shares |
| 2024-02-26 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $759.0k50.0k shares |
| 2024-02-22 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $1.3m84.6k shares |
| 2024-02-21 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $453.9k30.7k shares |
| 2024-02-20 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $27.1k1.9k shares |
| 2024-02-16 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $188.5k12.9k shares |
| 2024-02-15 | Jensen Brent P SVP, Chief Accounting Officer | Sold plan | $3.0m203.7k shares |
| 2024-01-03 | Oliphint Guy M EVP, Chief Financial Officer | Sold | $122.8k9.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.02% of their portfolio | 57.3m $1.0bn | Added +9.1m |
| VANGUARD GROUP INC 0.02% of their portfolio | 53.7m $949.2m | Added +5.4m |
| RIVERSTONE HOLDINGS LLC 59.68% of their portfolio | 45.0m $794.5m | Reduced -4.8m |
| EnCap Energy Capital Fund XI, L.P. 100.00% of their portfolio | 22.8m $403.1m | Reduced -3.2m |
| STATE STREET CORP 0.02% of their portfolio | 21.6m $381.7m | Added +2.4m |
| Post Oak Energy Holdings, LLC 79.43% of their portfolio | 21.0m $371.7m | Unchanged |
| Nuveen Asset Management, LLC 0.09% of their portfolio | 17.5m $309.5m | Reduced -1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 15.1m $267.3m | Added +2.0m |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 12.5m $220.4m | Added +4.8m |
| MACQUARIE GROUP LTD 0.23% of their portfolio | 11.4m $201.5m | Reduced -772.9k |
| LORD, ABBETT & CO. LLC 0.33% of their portfolio | 11.3m $199.6m | Added +1.6m |
| MORGAN STANLEY 0.01% of their portfolio | 11.3m $199.3m | Added +2.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 10.3m $181.5m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 9.5m $168.0m | Reduced -1.2m |
| OnyxPoint Global Management LP 78.56% of their portfolio | 8.4m $148.3m | Added +2.7k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 8.0m $141.0m | Reduced -5.9m |
| FMR LLC 0.01% of their portfolio | 7.8m $138.4m | Added +3.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.21% of their portfolio | 7.6m $133.4m | Added +3.9m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 7.6m $133.4m | Added +2.8m |
| T. Rowe Price Investment Management, Inc. 0.08% of their portfolio | 7.1m $125.0m | Added +1.0m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 6.8m $119.3m | Added +1.3m |
| EAGLE ASSET MANAGEMENT INC 0.60% of their portfolio | 6.7m $117.9m | New |
| FRONTIER CAPITAL MANAGEMENT CO LLC 1.05% of their portfolio | 6.4m $112.3m | Reduced -322.9k |
| River Road Asset Management, LLC 1.46% of their portfolio | 6.1m $107.9m | Reduced -1.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 6.1m $106.9m | Added +5.0m |
| Woodline Partners LP 0.96% of their portfolio | 5.9m $104.0m | Reduced -4.2m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 5.7m $101.3m | Added +126.9k |
| Invesco Ltd. 0.02% of their portfolio | 5.2m $91.7m | Reduced -126.8k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 4.8m $84.2m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 4.6m $81.4m | Reduced -1.6m |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.36% of their portfolio | 4.6m $80.8m | Added +552.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 4.5m $80.3m | Added +850.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.42% of their portfolio | 4.5m $80.2m | Reduced -203.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 4.2m $74.2m | Added +517.0k |
| JENNISON ASSOCIATES LLC 0.05% of their portfolio | 4.2m $73.8m | Added +973.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.26% of their portfolio | 4.1m $72.2m | Added +563.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 4.1m $72.1m | New |
| Holocene Advisors, LP 0.25% of their portfolio | 3.9m $68.4m | Added +526.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.60% of their portfolio | 3.9m $68.1m | Added +722.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.8m $67.4m | Added +1.0m |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 3.7m $66.2m | Added +56.1k |
| Ranger Investment Management, L.P. 3.79% of their portfolio | 3.3m $58.9m | Reduced -952.3k |
| Driehaus Capital Management LLC 0.56% of their portfolio | 3.2m $56.0m | New |
| Palo Duro Investment Partners, LP 14.85% of their portfolio | 3.0m $53.9m | Reduced -1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 3.0m $53.4m | Reduced -114.8k |
| Aventail Capital Group, LP 4.02% of their portfolio | 3.0m $52.6m | Reduced -3.0m |
| Sagefield Capital LP 6.36% of their portfolio | 2.9m $52.0m | Reduced -1.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.9m $52.0m | Added +1.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.9m $51.1m | Added +1.2m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 2.8m $49.6m | Reduced -524.3k |
| EnCap Energy Capital Fund VIII, L.P. 26.98% of their portfolio | 2.7m $46.8m | Reduced -369.6k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 2.4m $43.0m | Reduced -939.0k |
| Merewether Investment Management, LP 2.30% of their portfolio | 2.4m $42.0m | Reduced -658.9k |
| TimesSquare Capital Management, LLC 0.59% of their portfolio | 2.3m $40.7m | New |
| Leeward Investments, LLC - MA 1.78% of their portfolio | 2.3m $40.2m | Reduced -33.3k |
| Alyeska Investment Group, L.P. 0.22% of their portfolio | 2.0m $35.3m | New |
| Webs Creek Capital Management LP 13.88% of their portfolio | 1.9m $34.3m | Reduced -260.6k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 1.8m $31.5m | Added +1.3m |
| KGH Ltd 1.83% of their portfolio | 1.8m $31.0m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 1.6m $28.8m | Added +174.7k |
| Hodges Capital Management Inc. 1.83% of their portfolio | 1.6m $28.3m | Reduced -494.0k |
| SIR Capital Management, L.P. 2.66% of their portfolio | 1.5m $26.4m | Reduced -298.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.5m $26.4m | Reduced -129.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.5m $26.3m | Added +213.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.4m $24.1m | Reduced -11.9k |
| 1832 Asset Management L.P. 0.04% of their portfolio | 1.3m $23.4m | Added +423.8k |
| COMERICA BANK 0.09% of their portfolio | 1.2m $20.5m | Reduced -8.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $19.6m | Added +48.7k |
| GW&K Investment Management, LLC 0.17% of their portfolio | 1.1m $19.0m | Reduced -26.9k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $18.7m | Reduced -478.0k |
| Tributary Capital Management, LLC 1.50% of their portfolio | 1.0m $18.3m | Reduced -8.9k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 1.0m $18.0m | Added +313.1k |
| CITIGROUP INC 0.02% of their portfolio | 984.0k $17.4m | Added +25.4k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 982.3k $17.3m | Reduced -111.9k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 921.3k $16.3m | Reduced -62.5k |
| UBS Group AG 0.01% of their portfolio | 894.6k $15.8m | Added +795.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.10% of their portfolio | 877.4k $15.5m | Reduced -3.7k |
| Swiss National Bank 0.01% of their portfolio | 853.3k $15.1m | Added +129.0k |
| Vident Advisory, LLC 0.31% of their portfolio | 832.2k $14.7m | New |
| AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio | 830.4k $14.7m | Added +78.1k |
| Mesirow Institutional Investment Management, Inc. 1.28% of their portfolio | 817.6k $14.4m | Reduced -126.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 799.9k $14.1m | Added +448.2k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 745.1k $13.2m | Added +115.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 694.4k $12.3m | New |
| Dana Investment Advisors, Inc. 0.39% of their portfolio | 671.3k $11.9m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 637.5k $11.3m | Added +3.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 624.3k $11.0m | Added +229.8k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 620.7k $11.0m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 599.0k $10.6m | Added +143.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 593.6k $10.5m | Reduced -71.2k |
| Amundi 0.00% of their portfolio | 579.9k $10.0m | Added +570 |
| Retirement Systems of Alabama 0.04% of their portfolio | 577.3k $10.2m | Added +105.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 569.6k $10.1m | Reduced -133.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 567.5k $10.0m | Added +251.3k |
| Man Group plc 0.03% of their portfolio | 566.7k $10.0m | New |
| Ninepoint Partners LP 1.23% of their portfolio | 550.0k $9.7m | Reduced -650.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 546.1k $9.6m | Added +210.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 542.2k $9.6m | Added +6.8k |
| Phocas Financial Corp. 1.07% of their portfolio | 535.6k $9.5m | Reduced -131.1k |
| Zweig-DiMenna Associates LLC 0.83% of their portfolio | 531.4k $9.4m | Unchanged |