PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,297 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $219.72, for a total value of $724,416.84. Following the completion of the transaction, the insider now owns 253,471 shares of the company's stock, valued at approximately $55,692,648.12. The trade was a 1.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total value of $326,472.25.
• 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 shares were sold at an average price of $212.00, for a total value of $99,852.00.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The shares were 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 stock was sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG traded down $9.37 during mid-day trading on Friday, reaching $197.12. The company had a trading volume of 17,781 shares, compared to its average volume of 21,797. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $339.05 million, a PE ratio of 8.47 and a beta of 0.54. The company has a 50-day moving average price of $205.42 and a two-hundred day moving average price of $169.11. PrimeEnergy Resources Co. has a 1-year low of $93.52 and a 1-year high of $243.49.

Hedge Funds Weigh In On PrimeEnergy Resources

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter worth $47,000. BNP Paribas Financial Markets grew its holdings 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 buying an additional 1,028 shares in the last quarter. Barclays PLC grew its holdings 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 buying an additional 636 shares in the last quarter. State Street Corp grew its holdings in shares of PrimeEnergy Resources by 1.4% during 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 buying an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of PrimeEnergy Resources by 3.1% during 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 buying an additional 247 shares in the last quarter.

PrimeEnergy Resources Company 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.