Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 1,970 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total transaction of $388,700.70. Following the completion of the transaction, the insider now owns 241,834 shares of the company’s stock, valued at $47,716,266.54. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% 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 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $203.92, for a total value of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $202.15, for a total value of $326,472.25.
• On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.18, for a total value of $108,235.54.
• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total transaction of $724,416.84.
• 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 stock was sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Trading Down 1.1 %

Shares of NASDAQ PNRG traded down $2.09 during midday trading on Wednesday, hitting $196.51. The stock had a trading volume of 14,487 shares, compared to its average volume of 19,525. The firm has a market cap of $338.00 million, a P/E ratio of 8.45 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $93.70 and a fifty-two week high of $243.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50-day simple moving average is $205.33 and its 200 day simple moving average is $170.63.

Institutional Trading of PrimeEnergy Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in PrimeEnergy Resources during the 3rd quarter valued at about $47,000. BNP Paribas Financial Markets raised its stake in shares of 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 worth $171,000 after buying an additional 1,028 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in PrimeEnergy Resources in the fourth quarter valued at approximately $203,000. JPMorgan Chase & Co. boosted its stake in PrimeEnergy Resources by 119.4% in the third 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 last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in PrimeEnergy Resources during the 4th quarter worth $246,000.

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.