Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $192.06 and traded as high as $194.48. PrimeEnergy Resources shares last traded at $188.79, with a volume of 16,558 shares.
PrimeEnergy Resources Price Performance
The company has a market capitalization of $328.58 million, a PE ratio of 8.23 and a beta of 0.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average price of $201.92 and a two-hundred day moving average price of $193.66.
Insider Activity at PrimeEnergy Resources
In other PrimeEnergy Resources news, Director Clint Hurt sold 3,095 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75. Following the transaction, the director now directly owns 132,681 shares in the company, valued at $28,479,976.65. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Rothschild Robert De sold 2,311 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total value of $496,934.33. Following the sale, the insider now owns 259,011 shares of the company's stock, valued at approximately $55,695,135.33. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,781 shares of company stock valued at $6,256,751. 61.07% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On PrimeEnergy Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in shares of PrimeEnergy Resources by 185.7% during the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company's stock worth $1,780,000 after buying an additional 5,270 shares during the period. BNP Paribas Financial Markets lifted its position in PrimeEnergy Resources by 489.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock worth $171,000 after acquiring an additional 1,028 shares during the last quarter. Barclays PLC boosted its holdings in 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 period. Bank of New York Mellon Corp acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter valued at about $246,000. Finally, State Street Corp grew its position in shares of 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.
PrimeEnergy Resources Company Profile
(
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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.
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