Permian Resources Corporation (PR) – A Top Dividend Stock Among Hedge Funds

Permian Resources Corporation (NYSE:PR) is included among the 15 Best Natural Gas and Oil Dividend Stock to Buy Now.

Permian Resources Corporation (PR) - A Top Dividend Stock Among Hedge Funds

Thanks to its industry-leading cost structure and low break-evens, Permian Resources Corporation (NYSE:PR) is able to generate strong cash flows and deliver high shareholder returns throughout the cycles. The company executed a $43 million share buyback program in the second quarter and announced a quarterly dividend of $0.15 per share in August.

Following its recent Apache acquisition at lower than mid-cycle commodity prices, Permian Resources Corporation (NYSE:PR) was able to increase its original FY 2025 production guidance by 3%, while also lowering the capital budget by 2% compared to the original plan announced in February. These acquired locations have a breakeven price of as low as $30 per barrel, allowing the company to generate in excess of 5% free cash flow per share accretion in the near-term, midterm, and long-term.

Permian Resources Corporation (NYSE:PR) has gained over 2,200% over the last five years.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin.

While we acknowledge the potential of PR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PR and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Crude Oil Stocks to Buy According to Hedge Funds and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None.