Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 2,118 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,118 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88. Following the completion of the sale, the director now owns 135,776 shares in the company, valued at $29,960,332.16. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Clint Hurt also recently made the following trade(s):

• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $234.09, for a total value of $233,387.73.

PrimeEnergy Resources Stock Up 2.9 %

Shares of NASDAQ:PNRG opened at $209.10 on Friday. The company has a market capitalization of $359.02 million, a P/E ratio of 8.99 and a beta of 0.54. The stock’s fifty day simple moving average is $195.33 and its 200-day simple moving average is $153.84. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PNRG. Victory Capital Management Inc. purchased a new stake in shares of PrimeEnergy Resources during the second quarter worth about $222,000. Farther Finance Advisors LLC purchased a new stake in PrimeEnergy Resources in the 3rd quarter worth approximately $276,000. Dimensional Fund Advisors LP lifted its stake in shares of PrimeEnergy Resources by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after purchasing an additional 1,045 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of PrimeEnergy Resources by 489.5% during the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of PrimeEnergy Resources by 6.4% in the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after purchasing an additional 935 shares during the period.

About PrimeEnergy Resources

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells.