PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $233,387.73 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 997 shares of PrimeEnergy Resources stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the transaction, the director now owns 139,766 shares of the company’s stock, valued at approximately $32,717,822.94. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG opened at $211.50 on Friday. 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 firm’s 50 day simple moving average is $191.72 and its 200-day simple moving average is $151.29. PrimeEnergy Resources Co. has a 12 month low of $92.40 and a 12 month high of $243.49. The stock has a market capitalization of $363.15 million, a price-to-earnings ratio of 9.09 and a beta of 0.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth about $222,000. Dimensional Fund Advisors LP raised its holdings in PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after purchasing an additional 1,045 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in PrimeEnergy Resources during the third quarter worth approximately $47,000. Farther Finance Advisors LLC acquired a new stake 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% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after buying an additional 247 shares in 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.