PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Acquires $198,609.93 in Stock

Posted by Tech Dows on Mar 2nd, 2025

PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report) major shareholder Rothschild Robert De bought 1,017 shares of the stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $195.29 per share, for a total transaction of $198,609.93. Following the completion of the transaction, the insider now directly owns 236,913 shares of the company’s stock, valued at approximately $46,266,739.77. The trade was a 0.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 19th, Rothschild Robert De sold 3,904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $201.28, for a total value of $785,797.12.
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 stock was 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 transaction of $326,472.25.
On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The stock was 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 stock was 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 shares were 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 stock was 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 Up 1.4 %

PNRG opened at $195.90 on Friday. PrimeEnergy Resources Co. has a 1-year low of $96.02 and a 1-year high of $243.49. The business has a 50 day moving average of $207.44 and a 200-day moving average of $177.96. The stock has a market capitalization of $336.36 million, a price-to-earnings ratio of 8.42 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.

Institutional Trading of PrimeEnergy Resources

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in shares of PrimeEnergy Resources by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock worth $93,000 after purchasing an additional 81 shares during the period. State Street Corp grew its position in PrimeEnergy Resources by 1.4% during the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after buying an additional 100 shares in the last quarter. Cannell Capital LLC increased its stake in PrimeEnergy Resources by 3.2% during the fourth quarter. Cannell Capital LLC now owns 6,053 shares of the oil and natural gas company’s stock valued at $1,329,000 after acquiring an additional 187 shares during the period. Janney Montgomery Scott LLC raised its holdings in PrimeEnergy Resources by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after acquiring an additional 247 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of PrimeEnergy Resources in the 3rd quarter worth approximately $47,000.

PrimeEnergy Resources Company Profile

(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.