PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $391,266.39 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,831 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $213.69, for a total transaction of $391,266.39. Following the sale, the insider now owns 256,768 shares of the company’s stock, valued at $54,868,753.92. The trade was a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, 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 shares were sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Stock Performance

Shares of NASDAQ:PNRG opened at $223.60 on Friday. The firm’s 50 day simple moving average is $202.90 and its 200 day simple moving average is $161.90. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49. The company has a market capitalization of $384.59 million, a price-to-earnings ratio of 9.61 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.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at $47,000. BNP Paribas Financial Markets lifted its holdings in PrimeEnergy Resources by 489.5% during the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after acquiring an additional 1,028 shares in the last quarter. JPMorgan Chase & Co. grew its stake in PrimeEnergy Resources by 119.4% in the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after acquiring an additional 823 shares during the period. Victory Capital Management Inc. bought a new stake in shares of PrimeEnergy Resources in the second quarter worth about $222,000. Finally, Safir Wealth Advisors LLC acquired a new stake in shares of PrimeEnergy Resources during the fourth quarter worth about $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.