Permian Resources EVP Sells $119,776 in Stock

Insider selling activity reported as company focuses on upstream operations in the Permian Basin.

Mar. 8, 2026 at 12:20pm

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Permian Resources Corporation (NYSE:PR) Executive Vice President Guy Oliphint sold 6,412 shares of the company's stock on March 3rd, 2026 at an average price of $18.68 per share, resulting in a total transaction value of $119,776.16. Following the sale, Oliphint still owns 610,271 shares of Permian Resources, valued at approximately $11.4 million.

Why it matters

Insider selling activity can provide insight into management's views on a company's prospects and valuation. Permian Resources is a major independent oil and gas producer focused on the Permian Basin, a prolific shale play that has seen significant investment and activity in recent years.

The details

The stock sale by Permian Resources EVP Guy Oliphint represents a 1.04% decrease in his ownership stake in the company. Permian Resources is an independent exploration and production company that utilizes horizontal drilling and hydraulic fracturing technologies to develop oil and natural gas assets in the Permian Basin region of West Texas and southeastern New Mexico.

  • The stock sale occurred on Tuesday, March 3rd, 2026.

The players

Guy Oliphint

Executive Vice President of Permian Resources Corporation.

Permian Resources Corporation

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

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The takeaway

This insider selling activity by Permian Resources' EVP provides a data point on management's view of the company's valuation, though it does not necessarily indicate broader sentiment or future performance. Investors will likely continue to monitor Permian Resources' operational and financial results as it navigates the dynamic Permian Basin market.