Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $236,997.63 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,107 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $214.09, for a total value of $236,997.63. Following the completion of the transaction, the director now directly owns 131,574 shares of the company’s stock, valued at approximately $28,168,677.66. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, January 22nd, Clint Hurt sold 4,894 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.22, for a total value of $1,053,286.68.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $214.65, for a total transaction of $664,341.75.
• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88.
• 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 Trading Up 1.6 %

Shares of PNRG opened at $223.60 on Friday. 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 company has a market cap of $384.59 million, a price-to-earnings ratio of 9.61 and a beta of 0.54. The stock has a fifty day moving average price of $202.90 and a two-hundred day moving average price of $161.90. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNRG. Victory Capital Management Inc. bought a new position in shares of PrimeEnergy Resources in the second quarter worth about $222,000. Farther Finance Advisors LLC bought a new position in PrimeEnergy Resources in the 3rd quarter worth approximately $276,000. Safir Wealth Advisors LLC acquired a new position in PrimeEnergy Resources during the 4th quarter worth $273,000. Dimensional Fund Advisors LP boosted its position in PrimeEnergy Resources by 3.7% in the 2nd 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its stake 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.

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.