PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 2,716 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,716 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $132.93, for a total value of $361,037.88. Following the completion of the sale, the insider now owns 266,768 shares of the company’s stock, valued at $35,461,470.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, September 13th, Rothschild Robert De sold 2,976 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $134.00, for a total value of $398,784.00.
• On Monday, September 9th, Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $127.00, for a total value of $173,990.00.
• On Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $132.00, for a total value of $119,328.00.
• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16.

PrimeEnergy Resources Price Performance

NASDAQ PNRG opened at $134.00 on Wednesday. The business has a fifty day moving average price of $121.61 and a two-hundred day moving average price of $110.28. The stock has a market capitalization of $239.19 million, a PE ratio of 9.15 and a beta of 0.55. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $138.00.

PrimeEnergy Resources (NASDAQ:PNRG) last released its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share for the quarter. PrimeEnergy Resources had a return on equity of 28.34% and a net margin of 26.67%. The company had revenue of $64.83 million for the quarter.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth approximately $222,000. IFG Advisory LLC bought a new stake in shares of PrimeEnergy Resources during the second quarter worth about $532,000. Janney Montgomery Scott LLC increased its holdings in PrimeEnergy Resources by 17.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after purchasing an additional 1,033 shares in the last quarter. Vanguard Group Inc. raised its position in PrimeEnergy Resources by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock valued at $3,102,000 after buying an additional 366 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 1,045 shares during 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.