Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 904 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 904 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $132.00, for a total transaction of $119,328.00. Following the completion of the transaction, the insider now owns 273,930 shares in the company, valued at $36,158,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16.

PrimeEnergy Resources Trading Up 2.0 %

Shares of PrimeEnergy Resources stock traded up $2.50 on Monday, hitting $126.95. 7,691 shares of the company traded hands, compared to its average volume of 2,619. The company has a market cap of $222.16 million, a P/E ratio of 8.67 and a beta of 0.55. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $138.00. The firm's 50-day simple moving average is $119.17 and its 200 day simple moving average is $109.07.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share (EPS) for the quarter. The firm had revenue of $64.83 million during the quarter. PrimeEnergy Resources had a return on equity of 28.34% and a net margin of 26.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of PrimeEnergy Resources by 1.2% in the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company's stock worth $3,102,000 after purchasing an additional 366 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in PrimeEnergy Resources by 10.5% in the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company's stock valued at $447,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC increased its position in PrimeEnergy Resources by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company's stock valued at $772,000 after purchasing an additional 608 shares during the period. IFG Advisory LLC purchased a new stake in shares of PrimeEnergy Resources in the 2nd quarter worth about $532,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of PrimeEnergy Resources by 3.7% during the 2nd 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 purchasing an additional 1,045 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.

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