Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 503 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 503 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $215.18, for a total transaction of $108,235.54. Following the transaction, the insider now owns 252,497 shares of the company's stock, valued at approximately $54,332,304.46. The trade was a 0.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares 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 transaction of $326,472.25.
• 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 transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total transaction 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 transaction 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 transaction 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 transaction of $707,808.40.

PrimeEnergy Resources Price Performance

PNRG traded down $6.50 on Tuesday, hitting $196.20. 20,923 shares of the company were exchanged, compared to its average volume of 19,571. 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 business's fifty day moving average is $205.52 and its 200 day moving average is $170.06. PrimeEnergy Resources Co. has a fifty-two week low of $93.70 and a fifty-two week high of $243.49. The firm has a market capitalization of $337.46 million, a P/E ratio of 8.43 and a beta of 0.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of PrimeEnergy Resources by 363.6% during the fourth quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company's stock valued at $1,596,000 after buying an additional 5,702 shares during the period. Empowered Funds LLC raised its stake in PrimeEnergy Resources by 185.7% during the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company's stock worth $1,780,000 after purchasing an additional 5,270 shares during the period. Farther Finance Advisors LLC purchased a new position in PrimeEnergy Resources during the third quarter worth approximately $276,000. Safir Wealth Advisors LLC purchased a new position in PrimeEnergy Resources during the fourth quarter worth approximately $273,000. Finally, Bank of New York Mellon Corp purchased a new position in PrimeEnergy Resources during the fourth quarter worth approximately $246,000.

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.