PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $99,852.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 471 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00. Following the completion of the transaction, the insider now directly owns 253,000 shares of the company’s stock, valued at $53,636,000. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total value of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $213.69, for a total value of $391,266.39.
• 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 shares were sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Down 0.2 %

NASDAQ PNRG opened at $212.84 on Thursday. PrimeEnergy Resources Co. has a 52 week low of $93.52 and a 52 week high of $243.49. The company has a 50 day moving average price of $205.44 and a 200 day moving average price of $167.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $366.08 million, a PE ratio of 9.15 and a beta of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources in the 3rd quarter worth $47,000. BNP Paribas Financial Markets increased its position in PrimeEnergy Resources by 489.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock valued at $171,000 after buying an additional 1,028 shares in the last quarter. JPMorgan Chase & Co. raised its stake in PrimeEnergy Resources by 119.4% in the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after buying an additional 823 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in PrimeEnergy Resources in the fourth quarter worth about $246,000. Finally, Safir Wealth Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the fourth quarter worth about $273,000.

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.