IFG Advisory LLC Buys Shares of 5,002 PrimeEnergy Resources Co. (NASDAQ:PNRG)

IFG Advisory LLC purchased a new position in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,002 shares of the oil and natural gas company's stock, valued at approximately $532,000. IFG Advisory LLC owned about 0.28% of PrimeEnergy Resources as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. New York State Common Retirement Fund increased its position 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 worth $447,000 after buying an additional 400 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of PrimeEnergy Resources by 17.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company's stock worth $754,000 after acquiring an additional 1,033 shares during the period. Finally, Vanguard Group Inc. lifted its position in PrimeEnergy Resources by 1.2% in the 1st 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 during the last quarter.

PrimeEnergy Resources Stock Down 0.4 %

NASDAQ PNRG traded down $0.50 on Monday, hitting $133.02. The stock had a trading volume of 2,600 shares, compared to its average volume of 2,500. The company's 50-day moving average is $116.81 and its two-hundred day moving average is $107.75. The stock has a market cap of $232.79 million, a price-to-earnings ratio of 9.09 and a beta of 0.55. PrimeEnergy Resources Co. has a one year low of $92.40 and a one year high of $138.00.

Insider Activity at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 1,708 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16. Following the transaction, the insider now directly owns 275,060 shares of the company's stock, valued at $35,832,066.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Rothschild Robert De sold 1,708 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16. Following the sale, the insider now owns 275,060 shares of the company's stock, valued at $35,832,066.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Clint Hurt sold 2,217 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $120.57, for a total value of $267,303.69. Following the transaction, the director now directly owns 143,546 shares of the company's stock, valued at $17,307,341.22. The disclosure for this sale can be found here. Insiders have sold a total of 6,465 shares of company stock worth $817,656 in the last three months. 61.07% of the stock is owned by company insiders.

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.