Safir Wealth Advisors LLC Purchases Shares of 1,244 PrimeEnergy Resources Co. (NASDAQ:PNRG)

Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,244 shares of the oil and natural gas company's stock, valued at approximately $273,000. PrimeEnergy Resources comprises about 0.2% of Safir Wealth Advisors LLC's investment portfolio, making the stock its 14th biggest position. Safir Wealth Advisors LLC owned about 0.07% of PrimeEnergy Resources at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. purchased a new position in shares of PrimeEnergy Resources during the 2nd quarter worth approximately $222,000. Farther Finance Advisors LLC purchased a new position in shares of PrimeEnergy Resources during the third quarter worth $276,000. Dimensional Fund Advisors LP grew its stake in shares of PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company's stock valued at $3,146,000 after buying an additional 1,045 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of PrimeEnergy Resources by 489.5% in the 3rd 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 during the period. Finally, Geode Capital Management LLC boosted its holdings in PrimeEnergy Resources by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company's stock valued at $2,155,000 after acquiring an additional 935 shares during the period.

PrimeEnergy Resources Stock Up 1.2 %

Shares of PNRG stock traded up $2.63 during trading on Friday, reaching $213.37. The company's stock had a trading volume of 46,008 shares, compared to its average volume of 10,813. The company has a market capitalization of $367.00 million, a price-to-earnings ratio of 9.17 and a beta of 0.54. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The stock's 50-day moving average price is $199.66 and its 200 day moving average price is $158.76.

Insider Activity

In other news, Director Clint Hurt sold 997 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $234.09, for a total transaction of $233,387.73. Following the completion of the transaction, the director now directly owns 139,766 shares of the company's stock, valued at approximately $32,717,822.94. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $215.03, for a total value of $496,934.33. Following the completion of the sale, the insider now owns 259,011 shares in the company, valued at approximately $55,695,135.33. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,967 shares of company stock valued at $2,569,830. 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.