Rothschild Robert De Sells 1,831 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,831 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $213.69, for a total value of $391,266.39. Following the completion of the sale, the insider now owns 256,768 shares in the company, valued at $54,868,753.92. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• 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 stock was sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Up 2.9 %

Shares of PNRG stock opened at $218.99 on Thursday. PrimeEnergy Resources Co. has a 1 year low of $92.40 and a 1 year high of $243.49. The company’s fifty day simple moving average is $201.79 and its two-hundred day simple moving average is $160.68. 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 $376.66 million, a price-to-earnings ratio of 9.41 and a beta of 0.54.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in 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 worth $3,146,000 after acquiring an additional 1,045 shares during the period. Geode Capital Management LLC grew its position in shares of 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 valued at $2,155,000 after purchasing an additional 935 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PrimeEnergy Resources by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after purchasing an additional 247 shares during the period. State Street Corp raised its position in shares of 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 buying an additional 100 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in PrimeEnergy Resources by 41.2% during the third quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock valued at $391,000 after buying an additional 828 shares during the period.

PrimeEnergy Resources Company Profile

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.