American Century Companies Inc. Buys 5,702 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

American Century Companies Inc. raised its stake in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) by 363.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,270 shares of the oil and natural gas company's stock after buying an additional 5,702 shares during the period. American Century Companies Inc. owned 0.42% of PrimeEnergy Resources worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNRG. BNP Paribas Financial Markets boosted its stake in shares of PrimeEnergy Resources by 489.5% during the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock valued at $171,000 after purchasing an additional 1,028 shares in the last quarter. State Street Corp grew its holdings in PrimeEnergy Resources by 1.4% during the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock worth $1,026,000 after acquiring an additional 100 shares during the last quarter. Barclays PLC raised its stake in shares of PrimeEnergy Resources by 31.9% during the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock valued at $362,000 after acquiring an additional 636 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PrimeEnergy Resources by 6.4% during 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 purchasing an additional 935 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PrimeEnergy Resources by 119.4% during the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company's stock worth $208,000 after purchasing an additional 823 shares during the period.

PrimeEnergy Resources Trading Up 1.8 %

NASDAQ PNRG traded up $3.24 on Tuesday, reaching $187.03. The company had a trading volume of 14,900 shares, compared to its average volume of 8,841. The firm has a market cap of $321.13 million, a price-to-earnings ratio of 8.08 and a beta of 0.04. 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 fifty-two week low of $98.55 and a fifty-two week high of $243.49. The business has a 50 day moving average of $201.34 and a two-hundred day moving average of $193.97.

Insider Activity

In other news, Director Clint Hurt sold 3,095 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $214.65, for a total value of $664,341.75. Following the sale, the director now directly owns 132,681 shares of the company's stock, valued at approximately $28,479,976.65. This represents a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00. Following the transaction, the insider now directly owns 253,000 shares of the company's stock, valued at $53,636,000. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,335 shares of company stock valued at $5,548,942. Company insiders own 61.07% of the company's stock.

PrimeEnergy Resources Profile

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.