PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $388,700.70 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,970 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total value of $388,700.70. Following the completion of the sale, the insider now directly owns 241,834 shares in the company, valued at approximately $47,716,266.54. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 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 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 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 shares were sold at an average price of $215.03, for a total transaction 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 transaction of $707,808.40.

PrimeEnergy Resources Stock Down 0.3 %

NASDAQ PNRG opened at $194.18 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a 50-day simple moving average of $204.92 and a 200 day simple moving average of $171.53. PrimeEnergy Resources Co. has a twelve month low of $96.02 and a twelve month high of $243.49. The stock has a market cap of $333.41 million, a PE ratio of 8.35 and a beta of 0.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources during the third quarter worth about $47,000. Wells Fargo & Company MN lifted its stake in PrimeEnergy Resources by 23.5% during the fourth 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. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 1,028 shares during the period. Great Lakes Advisors LLC bought a new position in PrimeEnergy Resources during the fourth quarter worth about $203,000. Finally, JPMorgan Chase & Co. lifted its stake in PrimeEnergy Resources by 119.4% during the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after purchasing an additional 823 shares during the period.

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.