Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 2,118 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clint Hurt also recently made the following trade(s):

• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total value of $233,387.73.

PrimeEnergy Resources Stock Down 4.2 %

NASDAQ PNRG traded down $8.85 during trading hours on Tuesday, reaching $203.20. 5,971 shares of the company's stock traded hands, compared to its average volume of 9,643. The firm has a market cap of $348.89 million, a PE ratio of 8.74 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The firm has a 50-day simple moving average of $192.70 and a 200 day simple moving average of $152.37.

Institutional Trading of PrimeEnergy Resources

A number of hedge funds have recently made changes to their positions in PNRG. JPMorgan Chase & Co. boosted its holdings in PrimeEnergy Resources by 119.4% in 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 in the last quarter. Barclays PLC raised its position in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock worth $362,000 after purchasing an additional 636 shares during the last quarter. Geode Capital Management LLC boosted its stake in PrimeEnergy Resources by 6.4% in 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 purchasing an additional 935 shares in the last quarter. State Street Corp grew its position in 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 valued at $1,026,000 after purchasing an additional 100 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 1,028 shares in the last quarter.

About PrimeEnergy Resources

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.