PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $496,934.33 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total value of $496,934.33. Following the completion of the sale, the insider now directly owns 259,011 shares in the company, valued at $55,695,135.33. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 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 value of $707,808.40.

PrimeEnergy Resources Price Performance

Shares of PrimeEnergy Resources stock traded up $2.63 during trading hours on Friday, reaching $213.37. 46,008 shares of the company’s stock were exchanged, compared to its average volume of 14,755. The business has a fifty day moving average of $199.09 and a two-hundred day moving average of $157.31. 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 company has a market capitalization of $367.00 million, a P/E ratio of 9.17 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 hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources during the 3rd quarter worth approximately $47,000. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 1,028 shares in the last quarter. Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources in the 4th quarter valued at $273,000. JPMorgan Chase & Co. increased its stake in shares of PrimeEnergy Resources by 119.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after acquiring an additional 823 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of PrimeEnergy Resources during the 3rd quarter worth $276,000.

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.