Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 3,095 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75. Following the completion of the sale, the director now owns 132,681 shares of the company’s stock, valued at approximately $28,479,976.65. This trade represents a 2.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $220.66, for a total transaction of $467,357.88.
• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total transaction of $233,387.73.

PrimeEnergy Resources Stock Up 1.2 %

Shares of PrimeEnergy Resources stock opened at $213.37 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $199.66 and a 200 day moving average price of $158.41. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49. The firm has a market cap of $367.00 million, a P/E ratio of 9.17 and a beta of 0.54.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently made changes to their positions in PNRG. State Street Corp boosted its holdings in PrimeEnergy Resources by 1.4% in 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 purchasing an additional 100 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of 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 worth $1,129,000 after buying an additional 247 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at about $47,000. Barclays PLC grew its position in shares of PrimeEnergy Resources by 31.9% during the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after buying an additional 636 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 acquiring 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.