1,400 Shares in PrimeEnergy Resources Co. (NASDAQ:PNRG) Acquired by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC purchased a new position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,400 shares of the oil and natural gas company's stock, valued at approximately $307,000. Biondo Investment Advisors LLC owned approximately 0.08% of PrimeEnergy Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC raised its stake in 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 valued at $1,780,000 after buying an additional 5,270 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of PrimeEnergy Resources by 489.5% during 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 acquiring an additional 1,028 shares in the last quarter. Barclays PLC raised its position in shares of PrimeEnergy Resources by 31.9% during the 3rd 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 in the last quarter. Bank of New York Mellon Corp bought a new position in PrimeEnergy Resources during the fourth quarter worth $246,000. Finally, State Street Corp boosted its holdings 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 worth $1,026,000 after purchasing an additional 100 shares during the period.

Insider Activity

In related news, Director Clint Hurt sold 2,118 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total value of $467,357.88. Following the sale, the director now owns 135,776 shares of the company's stock, valued at $29,960,332.16. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $707,808.40. Following the completion of the sale, the insider now owns 263,322 shares in the company, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,899 shares of company stock valued at $6,724,109. 61.07% of the stock is currently owned by insiders.

PrimeEnergy Resources Stock Performance

Shares of NASDAQ:PNRG traded down $3.41 on Wednesday, reaching $219.37. 3,644 shares of the company's stock were exchanged, compared to its average volume of 8,230. PrimeEnergy Resources Co. has a fifty-two week low of $98.55 and a fifty-two week high of $243.49. The business's 50-day moving average is $206.20 and its two-hundred day moving average is $190.24. 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 firm has a market capitalization of $376.65 million, a price-to-earnings ratio of 9.43 and a beta of 0.04.

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.