Arrowstreet Capital Limited Partnership Makes New $815,000 Investment in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Arrowstreet Capital Limited Partnership purchased a new stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,713 shares of the oil and natural gas company's stock, valued at approximately $815,000. Arrowstreet Capital Limited Partnership owned about 0.22% of PrimeEnergy Resources at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PNRG. State Street Corp grew 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 purchasing an additional 100 shares during the period. Barclays PLC increased its position in shares of PrimeEnergy Resources by 31.9% during the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock valued at $362,000 after acquiring an additional 636 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of PrimeEnergy Resources by 119.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company's stock valued at $208,000 after acquiring an additional 823 shares during the period. Great Lakes Advisors LLC acquired a new stake in PrimeEnergy Resources in the 4th quarter valued at approximately $203,000. Finally, Geode Capital Management LLC raised its position in 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 valued at $2,155,000 after purchasing an additional 935 shares during the period.

Insider Transactions at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 1,831 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $213.69, for a total transaction of $391,266.39. Following the transaction, the insider now directly owns 256,768 shares in the company, valued at approximately $54,868,753.92. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Hurt sold 4,894 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total transaction of $1,053,286.68. Following the sale, the director now owns 126,680 shares of the company's stock, valued at approximately $27,264,069.60. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,929 shares of company stock valued at $4,387,666. 61.07% of the stock is currently owned by corporate insiders.

PrimeEnergy Resources Trading Down 2.1 %

Shares of PNRG traded down $3.54 during midday trading on Thursday, hitting $168.72. 1,672 shares of the stock were exchanged, compared to its average volume of 9,009. PrimeEnergy Resources Co. has a 52-week low of $98.55 and a 52-week high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a fifty day simple moving average of $200.46 and a 200 day simple moving average of $193.78. The firm has a market cap of $289.68 million, a P/E ratio of 7.25 and a beta of 0.04.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The oil and natural gas company reported $1.02 EPS for the quarter. The business had revenue of $60.53 million during the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.

PrimeEnergy Resources 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.