PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $724,416.84 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock in a transaction on Friday, January 31st. The shares were sold at an average price of $219.72, for a total value of $724,416.84. Following the transaction, the insider now owns 253,471 shares of the company’s stock, valued at $55,692,648.12. The trade was a 1.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total value of $99,852.00.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $213.69, for a total transaction of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.03, for a total transaction of $496,934.33.
• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Up 1.7 %

PrimeEnergy Resources stock opened at $213.28 on Wednesday. The business’s fifty day moving average is $205.26 and its 200 day moving average is $167.60. PrimeEnergy Resources Co. has a one year low of $93.52 and a one year high of $243.49. The stock has a market capitalization of $366.84 million, a PE ratio of 9.17 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of PrimeEnergy Resources in the 4th quarter worth approximately $246,000. Empowered Funds LLC raised its position in PrimeEnergy Resources by 185.7% in the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after acquiring an additional 5,270 shares during the period. Safir Wealth Advisors LLC purchased a new position in shares of PrimeEnergy Resources during the 4th quarter worth $273,000. JPMorgan Chase & Co. grew its position in shares of PrimeEnergy Resources by 119.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after acquiring an additional 823 shares during the period. Finally, Barclays PLC increased its stake in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock worth $362,000 after purchasing an additional 636 shares in 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.