Granite Ridge Resources, Inc. (NYSE:GRNT - Get Free Report) Director Matthew Reade Miller acquired 41,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $6.10 per share, for a total transaction of $250,100.00. Following the acquisition, the director now directly owns 772,491 shares in the company, valued at approximately $4,712,195.10. This trade represents a 5.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Matthew Reade Miller also recently made the following trade(s):
- On Wednesday, November 20th, Matthew Reade Miller bought 18,173 shares of Granite Ridge Resources stock. The stock was purchased at an average cost of $6.49 per share, with a total value of $117,942.77.
- On Friday, September 13th, Matthew Reade Miller purchased 495 shares of Granite Ridge Resources stock. The shares were acquired at an average cost of $6.23 per share, for a total transaction of $3,083.85.
- On Wednesday, September 11th, Matthew Reade Miller acquired 8,500 shares of Granite Ridge Resources stock. The stock was acquired at an average price of $5.97 per share, with a total value of $50,745.00.
Granite Ridge Resources Price Performance
GRNT stock opened at $6.17 on Friday. Granite Ridge Resources, Inc. has a 1 year low of $5.20 and a 1 year high of $7.10. The firm has a market capitalization of $806.01 million, a P/E ratio of 17.13, a P/E/G ratio of 1.65 and a beta of 0.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. The business's 50-day moving average is $6.24 and its two-hundred day moving average is $6.33.
Granite Ridge Resources Dividend Announcement
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a yield of 7.14%. Granite Ridge Resources's dividend payout ratio is currently 122.23%.
Analysts Set New Price Targets
Separately, Evercore ISI reduced their target price on shares of Granite Ridge Resources from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Monday, September 30th.
View Our Latest Stock Analysis on Granite Ridge Resources
Institutional Investors Weigh In On Granite Ridge Resources
A number of large investors have recently modified their holdings of GRNT. CWM LLC lifted its stake in Granite Ridge Resources by 4,228.0% during the second quarter. CWM LLC now owns 10,214 shares of the company's stock worth $65,000 after purchasing an additional 9,978 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Granite Ridge Resources during the third quarter worth approximately $66,000. nVerses Capital LLC purchased a new stake in shares of Granite Ridge Resources during the 2nd quarter worth approximately $99,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Granite Ridge Resources by 20.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,876 shares of the company's stock valued at $100,000 after buying an additional 2,709 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Granite Ridge Resources by 52.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company's stock valued at $147,000 after buying an additional 7,965 shares in the last quarter. 31.56% of the stock is owned by hedge funds and other institutional investors.
About Granite Ridge Resources
(
Get Free Report)
Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.
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