Citigroup Trims Stake in Permian Resources

Institutional investor reduces holdings in oil and gas company by nearly 25%

Published on Mar. 4, 2026

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Citigroup Inc. has reduced its stake in Permian Resources Corporation (NYSE:PR) by 24.9% in the third quarter, according to a recent SEC filing. The firm now owns 365,099 shares of the company's stock, down from 486,403 shares previously.

Why it matters

Citigroup's move to trim its position in Permian Resources reflects broader trends in the energy sector, as investors continue to closely monitor oil and gas companies amid market volatility and shifting industry dynamics.

The details

In its 13F filing, Citigroup reported selling 121,304 shares of Permian Resources during the third quarter. The firm's remaining stake in the company is now valued at $4.67 million. Permian Resources is an independent exploration and production company focused on the Permian Basin in West Texas and southeastern New Mexico.

  • Citigroup reduced its Permian Resources holdings in the third quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation.

Permian Resources Corporation

An independent exploration and production company focused on the Permian Basin.

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The takeaway

Citigroup's decision to trim its stake in Permian Resources reflects the ongoing volatility and uncertainty in the energy sector, as institutional investors carefully manage their portfolios in response to market conditions.