PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 1,337 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 1,337 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $203.92, for a total transaction of $272,641.04. Following the completion of the transaction, the insider now directly owns 248,191 shares in the company, valued at $50,611,108.72. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total transaction of $388,700.70.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total transaction of $326,472.25.
• On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.18, for a total transaction of $108,235.54.
• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $219.72, for a total transaction of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $213.69, for a total transaction of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.03, for a total transaction of $496,934.33.
• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Stock Performance

Shares of PNRG traded down $0.62 during trading hours on Friday, hitting $194.18. The company's stock had a trading volume of 6,030 shares, compared to its average volume of 21,797. The company has a market cap of $333.99 million, a price-to-earnings ratio of 8.35 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. The business has a 50 day simple moving average of $204.92 and a two-hundred day simple moving average of $172.27. PrimeEnergy Resources Co. has a 52-week low of $96.02 and a 52-week high of $243.49.

Hedge Funds Weigh In On PrimeEnergy Resources

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its position in PrimeEnergy Resources by 4.7% during the fourth quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company's stock valued at $2,289,000 after purchasing an additional 464 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PrimeEnergy Resources by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company's stock valued at $7,865,000 after purchasing an additional 2,753 shares during the last quarter. Cannell Capital LLC lifted its position in PrimeEnergy Resources by 3.2% during the fourth quarter. Cannell Capital LLC now owns 6,053 shares of the oil and natural gas company's stock valued at $1,329,000 after purchasing an additional 187 shares during the last quarter. Invesco Ltd. bought a new stake in PrimeEnergy Resources during the fourth quarter valued at approximately $6,322,000. Finally, Wells Fargo & Company MN lifted its position in PrimeEnergy Resources by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company's stock valued at $93,000 after purchasing an additional 81 shares during the last quarter.

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.