Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 1,831 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,831 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $213.69, for a total transaction of $391,266.39. Following the completion of the sale, the insider now directly owns 256,768 shares in the company, valued at $54,868,753.92. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.03, for a total value of $496,934.33.
• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Stock Up 1.6 %

Shares of PrimeEnergy Resources stock opened at $223.60 on Friday. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day simple moving average is $202.90 and its 200 day simple moving average is $161.90. The firm has a market cap of $384.59 million, a PE ratio of 9.61 and a beta of 0.54.

Institutional Trading of PrimeEnergy Resources

A number of institutional investors have recently made changes to their positions in PNRG. Victory Capital Management Inc. bought a new stake in PrimeEnergy Resources during the 2nd quarter worth about $222,000. Dimensional Fund Advisors LP raised its holdings in PrimeEnergy Resources by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after acquiring an additional 1,045 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in PrimeEnergy Resources during the third quarter valued at approximately $47,000. Farther Finance Advisors LLC bought a new position in PrimeEnergy Resources in the third quarter valued at approximately $276,000. Finally, Janney Montgomery Scott LLC increased its position in shares of PrimeEnergy Resources by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after purchasing an additional 247 shares during the last quarter.

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.