Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 2,118 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,118 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88. Following the transaction, the director now directly owns 135,776 shares of the company’s stock, valued at $29,960,332.16. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Clint Hurt also recently made the following trade(s):

• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total value of $233,387.73.

PrimeEnergy Resources Stock Performance

PNRG traded down $8.85 during trading on Tuesday, hitting $203.20. The company’s stock had a trading volume of 5,971 shares, compared to its average volume of 9,643. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $348.89 million, a PE ratio of 8.74 and a beta of 0.54. PrimeEnergy Resources Co. has a one year low of $92.40 and a one year high of $243.49. The business’s 50 day simple moving average is $192.70 and its 200-day simple moving average is $152.37.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of PrimeEnergy Resources by 119.4% during the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after purchasing an additional 823 shares in the last quarter. Barclays PLC raised its position 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PrimeEnergy Resources by 6.4% in the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock worth $2,155,000 after buying an additional 935 shares in the last quarter. State Street Corp boosted its position 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 worth $1,026,000 after acquiring an additional 100 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in 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 acquiring an additional 1,028 shares in 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.