Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $267,303.69 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,217 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $120.57, for a total value of $267,303.69. Following the completion of the transaction, the director now owns 143,546 shares in the company, valued at approximately $17,307,341.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, July 19th, Clint Hurt sold 29 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $120.00, for a total value of $3,480.00.
• On Wednesday, April 24th, Clint Hurt sold 874 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $100.00, for a total value of $87,400.00.

PrimeEnergy Resources Trading Up 1.3 %

NASDAQ:PNRG opened at $118.66 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.36 and a current ratio of 0.36. PrimeEnergy Resources Co. has a one year low of $92.01 and a one year high of $120.93. The business’s 50-day simple moving average is $109.91 and its 200 day simple moving average is $103.35. The stock has a market cap of $211.21 million, a price-to-earnings ratio of 8.11 and a beta of 0.55.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its quarterly earnings data on Friday, May 17th. The oil and natural gas company reported $4.41 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a return on equity of 24.03% and a net margin of 26.50%. The firm had revenue of $42.99 million for the quarter.

Institutional Trading of PrimeEnergy Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio raised its stake in PrimeEnergy Resources by 5.9% during the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after buying an additional 200 shares in the last quarter. Vanguard Group Inc. raised its stake in PrimeEnergy Resources by 1.2% during the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock valued at $3,102,000 after buying an additional 366 shares in the last quarter. New York State Common Retirement Fund raised its stake in PrimeEnergy Resources by 10.5% during the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock valued at $447,000 after buying an additional 400 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in PrimeEnergy Resources by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company’s stock valued at $772,000 after buying an additional 608 shares in the last quarter. Finally, Lauer Wealth LLC acquired a new stake in PrimeEnergy Resources during the fourth quarter valued at approximately $300,000.

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.