Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 3,297 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock in a transaction on Friday, January 31st. The shares were sold at an average price of $219.72, for a total value of $724,416.84. Following the sale, the insider now directly owns 253,471 shares of the company’s stock, valued at $55,692,648.12. This represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total value of $99,852.00.
• 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 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 Stock Performance

PrimeEnergy Resources stock opened at $212.84 on Thursday. PrimeEnergy Resources Co. has a fifty-two week low of $93.52 and a fifty-two week high of $243.49. The firm’s fifty day moving average price is $205.44 and its 200-day moving average price is $167.92. The stock has a market cap of $366.08 million, a P/E ratio of 9.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in PrimeEnergy Resources by 3.7% in 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 buying an additional 1,045 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PrimeEnergy Resources by 6.4% in 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 acquiring an additional 935 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake 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 valued at $1,129,000 after purchasing an additional 247 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of PrimeEnergy Resources by 185.7% during the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock valued at $1,780,000 after purchasing an additional 5,270 shares during the last quarter. Finally, State Street Corp raised its position in PrimeEnergy Resources by 1.4% in the 3rd 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.

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.