PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 1,370 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $127.00, for a total value of $173,990.00. Following the completion of the transaction, the insider now directly owns 272,460 shares of the company’s stock, valued at $34,602,420. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 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 Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $132.00, for a total transaction of $119,328.00.
• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16.

PrimeEnergy Resources Trading Up 0.0 %

Shares of NASDAQ:PNRG traded up $0.06 during mid-day trading on Wednesday, reaching $127.00. The company had a trading volume of 5,111 shares, compared to its average volume of 2,692. The firm has a market cap of $222.25 million, a price-to-earnings ratio of 8.74 and a beta of 0.55. The company’s 50-day moving average price is $119.60 and its 200-day moving average price is $109.30. PrimeEnergy Resources Co. has a one year low of $92.40 and a one year high of $138.00.

PrimeEnergy Resources (NASDAQ:PNRG) last released its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 EPS for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a return on equity of 28.34%. The firm had revenue of $64.83 million during the quarter.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of PrimeEnergy Resources by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock valued at $3,102,000 after purchasing an additional 366 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after buying an additional 1,045 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PrimeEnergy Resources by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company’s stock worth $772,000 after purchasing an additional 608 shares during the period. IFG Advisory LLC purchased a new position in shares of PrimeEnergy Resources during the 2nd quarter worth about $532,000. Finally, New York State Common Retirement Fund boosted its stake in shares of PrimeEnergy Resources by 10.5% during the 4th quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock worth $447,000 after purchasing an additional 400 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.