Bank of New York Mellon Corp Invests $246,000 in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Bank of New York Mellon Corp purchased a new stake in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,118 shares of the oil and natural gas company's stock, valued at approximately $246,000. Bank of New York Mellon Corp owned about 0.07% of PrimeEnergy Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNRG. BNP Paribas Financial Markets lifted its stake in PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock valued at $171,000 after purchasing an additional 1,028 shares during the last quarter. State Street Corp raised its stake in PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock valued at $1,026,000 after buying an additional 100 shares during the period. 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, JPMorgan Chase & Co. increased its holdings in shares of PrimeEnergy Resources by 119.4% during the 3rd 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 last quarter.

Remove Ads

Insider Buying and Selling at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 3,446 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $205.40, for a total value of $707,808.40. Following the transaction, the insider now owns 263,322 shares of the company's stock, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Hurt sold 2,118 shares of the stock in a transaction that occurred 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 approximately $29,960,332.16. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,899 shares of company stock worth $6,724,109 over the last ninety days. Insiders own 61.07% of the company's stock.

PrimeEnergy Resources Stock Performance

PNRG traded up $2.28 during trading hours on Wednesday, reaching $225.05. The company's stock had a trading volume of 14,706 shares, compared to its average volume of 8,293. The company's 50-day moving average is $206.32 and its 200-day moving average is $190.48. PrimeEnergy Resources Co. has a 52 week low of $98.55 and a 52 week high of $243.49. The firm has a market cap of $386.41 million, a PE ratio of 9.68 and a beta of 0.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

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.