Barrow Hanley Mewhinney & Strauss LLC Trims Stake in Permian Resources Corporation

Hedge fund reduces holdings in oil and gas company by 1.3% in Q3

Mar. 11, 2026 at 7:33am

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Barrow Hanley Mewhinney & Strauss LLC, a major institutional investor, reduced its stake in Permian Resources Corporation by 1.3% during the third quarter of 2026, according to a recent SEC filing. The firm now owns 31,410,486 shares, or 3.92% of the company's outstanding stock, valued at $402 million.

Why it matters

Permian Resources is a key player in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. Changes in institutional ownership of the company's shares can signal shifts in investor sentiment and outlook for the company and the broader energy sector.

The details

According to the 13F filing, Barrow Hanley Mewhinney & Strauss sold 423,312 shares of Permian Resources during the third quarter. The firm remains a major shareholder, owning nearly 4% of the company's stock. Permian Resources has seen its share price rise over the past year as oil and gas prices have rebounded from pandemic-era lows.

  • Barrow Hanley Mewhinney & Strauss filed its 13F for the third quarter of 2026 on March 11, 2026.

The players

Barrow Hanley Mewhinney & Strauss LLC

A major institutional investment management firm that owns a significant stake in Permian Resources Corporation.

Permian Resources Corporation

An independent exploration and production company focused on the Permian Basin in West Texas and southeastern New Mexico.

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The takeaway

The reduction in Barrow Hanley Mewhinney & Strauss's position in Permian Resources, while relatively small, could signal a shift in investor sentiment around the energy company. However, the firm remains a major shareholder, indicating ongoing confidence in Permian Resources' long-term prospects in the prolific Permian Basin.