Brown Lisle Cummings Inc. Has $375,000 Holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Brown Lisle Cummings Inc. trimmed its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,708 shares of the oil and natural gas company’s stock after selling 225 shares during the period. Brown Lisle Cummings Inc. owned 0.10% of PrimeEnergy Resources worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNRG. Safir Wealth Advisors LLC acquired a new position in shares of PrimeEnergy Resources during the 4th quarter worth about $273,000. JPMorgan Chase & Co. increased its position in PrimeEnergy Resources by 119.4% during 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. Barclays PLC lifted its position in shares of PrimeEnergy Resources by 31.9% in the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after buying an additional 636 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $2,155,000 after acquiring an additional 935 shares during the period. Finally, State Street Corp increased its holdings in shares of 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 worth $1,026,000 after acquiring an additional 100 shares during the last quarter.

Insider Activity

In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 1,831 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $213.69, for a total value of $391,266.39. Following the transaction, the insider now directly owns 256,768 shares of the company’s stock, valued at $54,868,753.92. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Clint Hurt sold 2,118 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $220.66, for a total value of $467,357.88. Following the transaction, the director now owns 135,776 shares in the company, valued at $29,960,332.16. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,799 shares of company stock valued at $4,251,381 over the last ninety days. 61.07% of the stock is currently owned by company insiders.

PrimeEnergy Resources Stock Down 3.7 %

PNRG opened at $209.80 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $205.08 and its 200 day simple moving average is $166.92. PrimeEnergy Resources Co. has a 1-year low of $93.52 and a 1-year high of $243.49. The stock has a market cap of $360.86 million, a PE ratio of 9.02 and a beta of 0.54.

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.