PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,904 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,904 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $201.28, for a total transaction of $785,797.12. Following the transaction, the insider now owns 237,930 shares of the company’s stock, valued at approximately $47,890,550.40. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total transaction of $388,700.70.
• 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 transaction of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total transaction 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 transaction of $108,235.54.
• 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 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 transaction of $707,808.40.

PrimeEnergy Resources Price Performance

NASDAQ:PNRG traded down $2.78 during mid-day trading on Friday, reaching $193.88. 7,521 shares of the company were exchanged, compared to its average volume of 18,065. PrimeEnergy Resources Co. has a 12 month low of $96.02 and a 12 month high of $243.49. The company has a fifty day moving average of $205.60 and a 200 day moving average of $173.84. 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 stock has a market cap of $333.47 million, a PE ratio of 8.34 and a beta of 0.54.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at about $47,000. Wells Fargo & Company MN raised its position in shares of PrimeEnergy Resources by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after acquiring an additional 81 shares during the period. BNP Paribas Financial Markets raised its position 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 acquiring an additional 1,028 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the 4th quarter valued at approximately $203,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of PrimeEnergy Resources in the 4th quarter valued at approximately $207,000.

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.