Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 997 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 997 shares of the business’s 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 sale, the director now directly owns 139,766 shares of the company’s stock, valued at $32,717,822.94. This represents a 0.71 % 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.

PrimeEnergy Resources Stock Up 2.7 %

PNRG stock opened at $211.50 on Friday. The firm has a market cap of $363.15 million, a PE ratio of 9.09 and a beta of 0.56. PrimeEnergy Resources Co. has a 1 year low of $92.40 and a 1 year high of $243.49. The company has a fifty day simple moving average of $191.72 and a 200 day simple moving average of $150.97. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Trading of PrimeEnergy Resources

Several large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in PrimeEnergy Resources in the 3rd quarter worth approximately $47,000. BNP Paribas Financial Markets raised its position in shares of PrimeEnergy Resources by 489.5% in 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 purchasing an additional 1,028 shares during the period. State Street Corp lifted its stake 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 worth $1,026,000 after buying an additional 100 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in PrimeEnergy Resources by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after acquiring an additional 247 shares during the period. Finally, Empowered Funds LLC lifted its position in PrimeEnergy Resources by 41.2% during the 3rd quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock worth $391,000 after acquiring an additional 828 shares during the last quarter.

About PrimeEnergy Resources

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.