Biondo Investment Advisors LLC Takes $307,000 Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Biondo Investment Advisors LLC purchased a new position in PrimeEnergy Resources Co. (NASDAQ:PNRG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,400 shares of the oil and natural gas company’s stock, valued at approximately $307,000. Biondo Investment Advisors LLC owned about 0.08% of PrimeEnergy Resources as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PNRG. BNP Paribas Financial Markets grew its stake in shares of PrimeEnergy Resources by 489.5% in the third 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 last quarter. State Street Corp boosted its stake in PrimeEnergy Resources by 1.4% during the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock valued at $1,026,000 after purchasing an additional 100 shares during the last quarter. Barclays PLC increased its holdings in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock worth $362,000 after purchasing an additional 636 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of PrimeEnergy Resources by 6.4% in the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock worth $2,155,000 after purchasing an additional 935 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $208,000 after acquiring an additional 823 shares during the period.

Insider Activity at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 3,297 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $219.72, for a total transaction of $724,416.84. Following the sale, the insider now directly owns 253,471 shares in the company, valued at $55,692,648.12. This trade represents a 1.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clint Hurt sold 4,894 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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 owns 126,680 shares in the company, valued at $27,264,069.60. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,896 shares of company stock worth $6,957,496. 61.07% of the stock is owned by insiders.

PrimeEnergy Resources Stock Up 0.2 %

Shares of PrimeEnergy Resources stock opened at $224.06 on Friday. PrimeEnergy Resources Co. has a twelve month low of $98.55 and a twelve month high of $243.49. 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 company’s 50 day moving average is $205.71 and its 200 day moving average is $188.10. The company has a market cap of $384.71 million, a price-to-earnings ratio of 9.63 and a beta of 0.51.

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.