PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 997 shares of PrimeEnergy Resources 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 sale, the director now owns 139,766 shares of the company's stock, valued at $32,717,822.94. The trade was a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PrimeEnergy Resources Stock Down 6.2 %
NASDAQ PNRG traded down $13.69 during trading on Thursday, reaching $205.90. 15,911 shares of the company's stock traded hands, compared to its average volume of 4,315. The company's 50 day simple moving average is $190.13 and its two-hundred day simple moving average is $149.83. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49. The firm has a market cap of $353.53 million, a price-to-earnings ratio of 8.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54.
Institutional Trading of PrimeEnergy Resources
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in shares of PrimeEnergy Resources in the 2nd quarter worth approximately $222,000. Dimensional Fund Advisors LP boosted its stake in PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company's stock valued at $3,146,000 after acquiring an additional 1,045 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in PrimeEnergy Resources in the third quarter worth $47,000. Farther Finance Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the 3rd quarter valued at $276,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of PrimeEnergy Resources by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company's stock worth $1,129,000 after purchasing an additional 247 shares in the last quarter.
About PrimeEnergy Resources
(
Get Free Report)
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.
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