PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $326,472.25 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 1,615 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $202.15, for a total value of $326,472.25. Following the completion of the transaction, the insider now directly owns 249,528 shares in the company, valued at approximately $50,442,085.20. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• 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 value 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 value 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 value 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 value 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 value 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 value of $707,808.40.

PrimeEnergy Resources Price Performance

NASDAQ:PNRG traded down $6.50 during trading hours on Tuesday, hitting $196.20. The company's stock had a trading volume of 20,923 shares, compared to its average volume of 19,571. The stock has a fifty day simple moving average of $205.52 and a 200-day simple moving average of $170.06. The company has a market capitalization of $337.46 million, a P/E ratio of 8.43 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. PrimeEnergy Resources Co. has a twelve month low of $93.70 and a twelve month high of $243.49.

Institutional Trading of PrimeEnergy Resources

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in PrimeEnergy Resources by 3.7% in the second 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 during the last quarter. Geode Capital Management LLC raised its position in PrimeEnergy Resources by 6.4% in the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company's stock valued at $2,155,000 after purchasing an additional 935 shares during the last quarter. Janney Montgomery Scott LLC raised its position in PrimeEnergy Resources by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company's stock valued at $1,129,000 after purchasing an additional 247 shares during the last quarter. Empowered Funds LLC raised its position in PrimeEnergy Resources by 185.7% in the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company's stock valued at $1,780,000 after purchasing an additional 5,270 shares during the last quarter. Finally, State Street Corp raised its position in PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock valued at $1,026,000 after purchasing an additional 100 shares during 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.