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We have entered the beginning of the end for the oil age and oil producers now face a limited future. Most oil focused stocks have trailed the S&P 500 total return across multiple time frames. While the Iran war is getting headlines, it doesn't do much to change the oil market equation of plenty of oil supply and flattening oil demand set to fall.

American Century Companies Inc. reduced its position in Permian Resources Corporation (NYSE: PR) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,009,153 shares of the company's stock after selling 34,121 shares during the quarter. American Century Companies Inc. owned

Artisan Partners Limited Partnership lessened its holdings in Permian Resources Corporation (NYSE: PR) by 5.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,524,777 shares of the company's stock after selling 200,155 shares during the period. Artisan Partners Limited Partnership owned 0.44% of Permian

Permian Resources pursues growth by acquiring small parcels and combining them with existing leases. This process creates significant shareholder value. PR's average purchase price per acre for small parcels is substantially lower than traditional acquisitions. This disciplined rollup strategy enables PR to be selective with larger deals.

Permian Resources Corporation remains a Strong Buy, driven by record-low unit costs and operational excellence in the Delaware Basin. PR achieved a 14% reduction in drilling and completion costs, with Q4 D&C costs at $700 per lateral foot and LOE at $5.26 per Boe. Strategic bolt-on acquisitions and improved gas transportation contracts enhance drilling inventory and reduce WAHA pricing exposure to 10% by 2026.