JPMorgan Chase Cuts Stake in Permian Resources

Institutional investor reduces holdings in oil and gas company

Mar. 22, 2026 at 8:49am

Got story updates? Submit your updates here. ›

JPMorgan Chase & Co. lowered its position in shares of Permian Resources Corporation (NYSE:PR) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,826,292 shares of the company's stock after selling 117,042 shares during the period.

Why it matters

This filing provides insight into the investment decisions of one of the world's largest financial institutions, which can signal broader market trends and investor sentiment around the oil and gas industry, particularly in the Permian Basin region.

The details

According to the 13F filing, JPMorgan Chase & Co. owned approximately 0.34% of Permian Resources as of the end of the 3rd quarter. The reduction in holdings suggests the bank may be taking a more cautious stance on the company or the energy sector in general.

  • The filing covers the 3rd quarter of the year.

The players

JPMorgan Chase & Co.

One of the world's largest financial institutions and a major institutional investor.

Permian Resources Corporation

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

Got photos? Submit your photos here. ›

The takeaway

This move by JPMorgan Chase highlights the volatility and uncertainty surrounding the energy sector, as investors navigate factors like commodity prices, production costs, and regulatory changes. It underscores the importance for Permian Resources to maintain a strong financial position and operational efficiency to attract and retain institutional support.