Insider Buying: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Purchases 1,017 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De purchased 1,017 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $195.29 per share, with a total value of $198,609.93. Following the acquisition, the insider now owns 236,913 shares of the company’s stock, valued at $46,266,739.77. This represents a 0.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, February 19th, Rothschild Robert De sold 3,904 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $201.28, for a total value of $785,797.12.
• On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total value of $388,700.70.
• On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $203.92, for a total value of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total transaction of $326,472.25.
• On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.18, for a total transaction of $108,235.54.
• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The stock was 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 shares were 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 stock was sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Up 1.8 %

NASDAQ:PNRG traded up $3.43 during trading hours on Friday, hitting $196.54. The stock had a trading volume of 4,648 shares, compared to its average volume of 16,686. The business’s 50 day moving average is $206.97 and its 200-day moving average is $176.88. The company has a market cap of $337.45 million, a price-to-earnings ratio of 8.45 and a beta of 0.54. PrimeEnergy Resources Co. has a one year low of $96.02 and a one year 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.

Institutional Trading of PrimeEnergy Resources

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of PrimeEnergy Resources in the third quarter worth about $47,000. Wells Fargo & Company MN increased its stake in PrimeEnergy Resources by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock worth $93,000 after purchasing an additional 81 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in PrimeEnergy Resources during the 4th quarter worth approximately $203,000. Nuveen Asset Management LLC acquired a new stake in PrimeEnergy Resources during the 4th quarter worth approximately $207,000. Finally, Ellevest Inc. bought a new position in PrimeEnergy Resources in the fourth quarter valued at approximately $241,000.

PrimeEnergy Resources Company Profile

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.