PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $233,387.73 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 997 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the sale, the director now directly owns 139,766 shares in the company, valued at $32,717,822.94. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

PrimeEnergy Resources Trading Up 2.7 %

Shares of NASDAQ PNRG opened at $211.50 on Friday. The business has a fifty day moving average price of $191.72 and a 200 day moving average price of $151.29. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. 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 $363.15 million, a P/E ratio of 9.09 and a beta of 0.54.

Institutional Trading of PrimeEnergy Resources

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of PrimeEnergy Resources during the 2nd quarter worth approximately $222,000. Farther Finance Advisors LLC acquired a new position in shares of PrimeEnergy Resources during the third quarter worth $276,000. Dimensional Fund Advisors LP lifted its holdings in shares of PrimeEnergy Resources by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock valued at $3,146,000 after purchasing an additional 1,045 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of PrimeEnergy Resources by 489.5% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in PrimeEnergy Resources by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock worth $2,155,000 after buying an additional 935 shares during the last quarter.

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.