PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,904 Shares

Posted by Tech Dows on Feb 24th, 2025

PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report) major shareholder Rothschild Robert De sold 3,904 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $201.28, for a total value of $785,797.12. Following the completion of the transaction, the insider now owns 237,930 shares of the company’s stock, valued at approximately $47,890,550.40. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total value of $388,700.70.
On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $203.92, for a total value of $272,641.04.
On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total value of $326,472.25.
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 value 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 value of $99,852.00.
On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total value 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 value of $391,266.39.
On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The shares were 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 1.6 %

PNRG stock opened at $193.60 on Monday. PrimeEnergy Resources Co. has a 1-year low of $96.02 and a 1-year high of $243.49. The business has a fifty day moving average price of $205.68 and a 200-day moving average price of $175.40. 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 stock has a market capitalization of $332.41 million, a P/E ratio of 8.32 and a beta of 0.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PNRG. Invesco Ltd. purchased a new position in shares of PrimeEnergy Resources in the fourth quarter worth $6,322,000. American Century Companies Inc. raised its stake in shares of PrimeEnergy Resources by 363.6% in the fourth quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company’s stock worth $1,596,000 after purchasing an additional 5,702 shares during the last quarter. Empowered Funds LLC raised its stake in shares of PrimeEnergy Resources by 185.7% in the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after purchasing an additional 5,270 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of PrimeEnergy Resources by 73.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 12,449 shares of the oil and natural gas company’s stock worth $2,734,000 after purchasing an additional 5,270 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of PrimeEnergy Resources in the fourth quarter worth $815,000.

About PrimeEnergy Resources

(Get Free Report)

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.