PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $388,700.70 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 1,970 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total transaction of $388,700.70. Following the transaction, the insider now directly owns 241,834 shares of the company's stock, valued at $47,716,266.54. This represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $203.92, for a total transaction of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Down 0.3 %

PNRG stock traded down $0.62 during midday trading on Friday, reaching $194.18. The company's stock had a trading volume of 6,030 shares, compared to its average volume of 21,797. PrimeEnergy Resources Co. has a 52 week low of $96.02 and a 52 week high of $243.49. The stock has a market cap of $333.99 million, a PE ratio of 8.35 and a beta of 0.54. 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 business's 50-day simple moving average is $204.92 and its 200-day simple moving average is $172.27.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds have recently bought and sold shares of PNRG. Allspring Global Investments Holdings LLC acquired a new stake in PrimeEnergy Resources in the third quarter worth $47,000. Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources during the third quarter worth $276,000. Janney Montgomery Scott LLC raised its holdings in shares of PrimeEnergy Resources by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company's stock worth $1,129,000 after acquiring an additional 247 shares during the period. Empowered Funds LLC raised its holdings in shares of PrimeEnergy Resources by 41.2% during the third quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company's stock worth $391,000 after acquiring an additional 828 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of PrimeEnergy Resources by 489.5% during the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock worth $171,000 after acquiring an additional 1,028 shares during the period.

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.