Russell Investments Group Ltd. Sells 94,598 Shares of Permian Resources Corporation

Institutional investor reduces stake in oil and gas company

Mar. 13, 2026 at 9:54am

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Russell Investments Group Ltd., an institutional investor, decreased its holdings in Permian Resources Corporation (NYSE:PR) by 3.7% in the third quarter, according to a recent SEC filing. The firm sold 94,598 shares, leaving it with a total of 2,477,455 shares, or approximately 0.31% ownership of the company.

Why it matters

This transaction provides insight into the investment strategies of major institutional investors like Russell Investments Group. Tracking changes in ownership stakes can offer clues about market sentiment and future performance expectations for Permian Resources, an independent oil and gas exploration and production company.

The details

According to the 13F filing, Russell Investments Group sold 94,598 shares of Permian Resources during the third quarter. The firm now owns approximately 2.48 million shares, or 0.31% of the company's outstanding stock. Permian Resources is focused on oil and gas exploration and production in the Permian Basin region of West Texas and southeastern New Mexico.

  • The share sale occurred in the third quarter of the company's fiscal year.

The players

Russell Investments Group Ltd.

An institutional investment management firm that provides a range of investment strategies and services to clients worldwide.

Permian Resources Corporation

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

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The takeaway

This transaction reflects Russell Investments Group's reduced confidence in Permian Resources' near-term prospects, potentially signaling broader market concerns about the oil and gas industry's outlook. However, Permian Resources remains a significant holding for the firm, suggesting it still sees long-term value in the company's Permian Basin assets and operations.