Empowered Funds LLC Acquires 5,270 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Empowered Funds LLC increased its position in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) by 185.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,108 shares of the oil and natural gas company's stock after purchasing an additional 5,270 shares during the period. Empowered Funds LLC owned approximately 0.47% of PrimeEnergy Resources worth $1,780,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PNRG. Geode Capital Management LLC lifted its stake in shares of 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 worth $2,155,000 after buying an additional 935 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in PrimeEnergy Resources by 3.1% in the 3rd 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 acquiring an additional 247 shares in the last quarter. State Street Corp lifted its position in PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock valued at $1,026,000 after acquiring an additional 100 shares in the last quarter. Barclays PLC boosted its stake in PrimeEnergy Resources by 31.9% during the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock valued at $362,000 after purchasing an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of PrimeEnergy Resources in the 3rd quarter worth $276,000.

Insider Buying and Selling at PrimeEnergy Resources

In related news, major shareholder Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock in a transaction on Monday, January 13th. The stock was sold at an average price of $205.40, for a total value of $707,808.40. Following the completion of the sale, the insider now owns 263,322 shares of the company's stock, valued at $54,086,338.80. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Clint Hurt sold 997 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the completion of the transaction, the director now directly owns 139,766 shares in the company, valued at approximately $32,717,822.94. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,992 shares of company stock worth $6,171,699. Company insiders own 61.07% of the company's stock.

PrimeEnergy Resources Stock Performance

Shares of NASDAQ:PNRG traded down $5.35 during midday trading on Wednesday, reaching $198.65. 20,050 shares of the company's stock traded hands, compared to its average volume of 18,663. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. PrimeEnergy Resources Co. has a one year low of $96.02 and a one year high of $243.49. The company has a market cap of $341.67 million, a price-to-earnings ratio of 8.54 and a beta of 0.54. The stock has a 50 day moving average of $205.41 and a 200 day moving average of $173.51.

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.