Great Lakes Advisors LLC Takes $203,000 Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Great Lakes Advisors LLC acquired a new position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 923 shares of the oil and natural gas company’s stock, valued at approximately $203,000. Great Lakes Advisors LLC owned 0.05% of PrimeEnergy Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of PrimeEnergy Resources by 185.7% during the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after purchasing an additional 5,270 shares during the period. BNP Paribas Financial Markets lifted its stake in 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 valued at $171,000 after buying an additional 1,028 shares in the last quarter. Barclays PLC boosted its holdings 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 period. State Street Corp increased its position in shares of PrimeEnergy Resources by 1.4% during 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 823 shares during the period.

Insider Transactions at PrimeEnergy Resources

In other news, Director Clint Hurt sold 997 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $234.09, for a total transaction of $233,387.73. Following the completion of the transaction, the director now directly owns 139,766 shares in the company, valued at $32,717,822.94. This represents a 0.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $205.40, for a total value of $707,808.40. Following the completion of the sale, the insider now directly owns 263,322 shares in the company, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,896 shares of company stock valued at $6,957,496 over the last three months. Company insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG opened at $203.70 on Monday. The company has a fifty day moving average price of $203.89 and a 200 day moving average price of $182.67. The firm has a market cap of $349.75 million, a PE ratio of 8.76 and a beta of 0.51. 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 1-year low of $98.55 and a 1-year high of $243.49.

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.