PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $326,472.25 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,615 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $202.15, for a total value of $326,472.25. Following the transaction, the insider now owns 249,528 shares in the company, valued at approximately $50,442,085.20. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large 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 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 transaction 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 transaction of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was 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 value of $707,808.40.

PrimeEnergy Resources Stock Down 4.5 %

Shares of NASDAQ:PNRG traded down $9.37 during trading on Friday, hitting $197.12. 17,781 shares of the company’s stock traded hands, compared to its average volume of 20,019. The company has a 50-day moving average price of $205.42 and a 200-day moving average price of $168.75. PrimeEnergy Resources Co. has a 52 week low of $93.52 and a 52 week high of $243.49. 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 company has a market cap of $339.05 million, a price-to-earnings ratio of 8.47 and a beta of 0.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNRG. Dimensional Fund Advisors LP raised its holdings in shares of PrimeEnergy Resources by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after acquiring an additional 1,045 shares during the period. Geode Capital Management LLC raised its stake in shares of PrimeEnergy Resources by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after purchasing an additional 935 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of 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. Empowered Funds LLC raised its position in PrimeEnergy Resources by 185.7% in the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock valued at $1,780,000 after buying an additional 5,270 shares during the last quarter. Finally, State Street Corp lifted its stake in PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock valued at $1,026,000 after acquiring an additional 100 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.