12 Best Crude Oil Stocks to Buy for Dividends

9. Permian Resources Corporation (NYSE:PR) 

Number of Hedge Fund Holders: 47

Dividend Yield as of Dec. 25: 4.32%

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on the development of crude oil and associated liquids-rich natural gas reserves in the United States.

On December 12, UBS raised its price target on Permian Resources Corporation (NYSE:PR) from $17 to $19, while maintaining a ‘Buy’ rating on the shares. The update comes amid the analyst’s bullish outlook on the energy sector in 2026, driven by improving oil and natural gas forecasts, M&A-driven value creation, cost and capex efficiencies, emerging OFS opportunities, and attractive valuations. While the analyst firm favors natural gas E&Ps, it expects the positive momentum to spread broadly across Oil E&Ps and OFS.

Again, on December 12, Mizuho analyst William Janela also raised the firm’s price target on Permian Resources Corporation (NYSE:PR) from $19 to $21, and maintained its ‘Outperform’ rating on the shares. The revised target, which represents an upside potential of almost 50% from the current share price, comes as the firm updated its ratings and targets in the exploration and production sector as part of its outlook for 2026. While the analyst acknowledged that the overall sentiment for the American oil and gas sector is negative, he noted that there is still ‘underappreciated value’ in the group that could start becoming realized in the coming year.