PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 4,894 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the sale, the director now owns 126,680 shares of the company’s stock, valued at approximately $27,264,069.60. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 17th, Clint Hurt sold 1,107 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $214.09, for a total transaction of $236,997.63.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75.
• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $220.66, for a total value of $467,357.88.
• 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 PrimeEnergy Resources stock traded up $6.20 on Wednesday, reaching $218.99. 38,082 shares of the company were exchanged, compared to its average volume of 17,583. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The stock’s 50 day moving average price is $201.79 and its 200-day moving average price is $160.68. The company has a market cap of $376.66 million, a P/E ratio of 9.41 and a beta of 0.54. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49.

Institutional Trading of PrimeEnergy Resources

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in PrimeEnergy Resources during the 3rd quarter worth $47,000. BNP Paribas Financial Markets lifted its holdings in shares of PrimeEnergy Resources by 489.5% in 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 purchasing an additional 1,028 shares during the last quarter. Barclays PLC boosted its position in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after purchasing an additional 636 shares during the period. State Street Corp grew its stake in PrimeEnergy Resources by 1.4% during the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after buying an additional 100 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in PrimeEnergy Resources by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after buying an additional 247 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.