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.

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.

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Disclosure: None.