PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $1,053,286.68 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 in the company, valued at approximately $27,264,069.60. This represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was 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 stock was sold at an average price of $220.66, for a total transaction of $467,357.88.
• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total value of $233,387.73.

PrimeEnergy Resources Stock Performance

Shares of PNRG stock opened at $223.60 on Friday. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49. The company has a market capitalization of $384.59 million, a P/E ratio of 9.61 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $202.90 and its two-hundred day moving average is $161.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in PrimeEnergy Resources during the third quarter valued at $47,000. BNP Paribas Financial Markets lifted its stake 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. JPMorgan Chase & Co. lifted its stake in 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 valued at $208,000 after buying an additional 823 shares in the last quarter. Victory Capital Management Inc. purchased a new position in PrimeEnergy Resources in the 2nd quarter valued at about $222,000. Finally, Safir Wealth Advisors LLC purchased a new position in shares of PrimeEnergy Resources in the fourth quarter valued at approximately $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.