PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 1,370 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock in a transaction on Monday, September 9th. The stock was sold at an average price of $127.00, for a total transaction of $173,990.00. Following the transaction, the insider now owns 272,460 shares in the company, valued at approximately $34,602,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $132.00, for a total transaction of $119,328.00.
• 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 Price Performance

NASDAQ PNRG traded up $0.06 during mid-day trading on Wednesday, reaching $127.00. 5,710 shares of the stock were exchanged, compared to its average volume of 2,695. PrimeEnergy Resources Co. has a one year low of $92.40 and a one year high of $138.00. The stock has a 50 day simple moving average of $119.98 and a 200-day simple moving average of $109.42. The stock has a market cap of $222.25 million, a P/E ratio of 8.67 and a beta of 0.55.

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

Hedge Funds Weigh In On PrimeEnergy Resources

A number of hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in PrimeEnergy Resources in the second quarter valued at $222,000. New York State Common Retirement Fund increased its stake 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 purchasing an additional 400 shares in the last quarter. IFG Advisory LLC bought a new stake in PrimeEnergy Resources in the second quarter valued at $532,000. Janney Montgomery Scott LLC increased its stake in PrimeEnergy Resources by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company's stock valued at $754,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in 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 valued at $3,102,000 after purchasing an additional 366 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.