PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $99,852.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00. Following the sale, the insider now directly owns 253,000 shares of the company’s stock, valued at approximately $53,636,000. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $219.72, for a total value of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $213.69, for a total value of $391,266.39.
• 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 value of $496,934.33.
• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Stock Performance

Shares of NASDAQ PNRG traded up $3.48 during trading hours on Tuesday, reaching $213.28. The stock had a trading volume of 24,701 shares, compared to its average volume of 20,223. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources Co. has a fifty-two week low of $93.52 and a fifty-two week high of $243.49. The firm has a 50-day moving average of $205.08 and a 200-day moving average of $166.92. The firm has a market cap of $366.84 million, a price-to-earnings ratio of 9.17 and a beta of 0.54.

Institutional Trading of PrimeEnergy Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in PrimeEnergy Resources in the third quarter valued at $47,000. BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 1,028 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $208,000 after buying an additional 823 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in PrimeEnergy Resources in the fourth quarter worth $246,000. Finally, Safir Wealth Advisors LLC acquired a new stake in PrimeEnergy Resources in the fourth quarter valued at $273,000.

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.