PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $467,357.88 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,118 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $220.66, for a total transaction of $467,357.88. Following the transaction, the director now directly owns 135,776 shares of the company’s stock, valued at $29,960,332.16. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Up 2.9 %

PrimeEnergy Resources stock opened at $209.10 on Friday. The stock’s 50 day moving average price is $195.33 and its 200 day moving average price is $153.84. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. The company has a market cap of $359.02 million, a PE ratio of 8.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in PrimeEnergy Resources during the third quarter worth about $47,000. BNP Paribas Financial Markets lifted its position in shares of PrimeEnergy Resources by 489.5% during 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 acquiring an additional 1,028 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of PrimeEnergy Resources by 119.4% during 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 in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources in the 2nd quarter worth approximately $222,000. Finally, Farther Finance Advisors LLC purchased a new position in PrimeEnergy Resources in the 3rd quarter valued at approximately $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.