Clint Hurt Sells 4,894 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the transaction, the director now directly owns 126,680 shares of the company’s stock, valued at $27,264,069.60. This represents a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 17th, Clint Hurt sold 1,107 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.09, for a total value of $236,997.63.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $214.65, for a total value of $664,341.75.
• 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 Price Performance

PNRG stock opened at $220.00 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a 50 day moving average price of $202.46 and a 200-day moving average price of $161.09. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The firm has a market capitalization of $378.40 million, a price-to-earnings ratio of 9.46 and a beta of 0.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake 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 acquiring an additional 100 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 purchasing an additional 247 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in PrimeEnergy Resources during the 3rd quarter valued at about $47,000. Barclays PLC increased its stake in 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 purchasing an additional 636 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in PrimeEnergy Resources by 119.4% in the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after buying an additional 823 shares during the last quarter.

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.