PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 2,716 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,716 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $132.93, for a total transaction of $361,037.88. Following the completion of the sale, the insider now directly owns 266,768 shares in the company, valued at $35,461,470.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 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 Friday, September 13th, Rothschild Robert De sold 2,976 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $134.00, for a total value of $398,784.00.
• On Monday, September 9th, Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $127.00, for a total value of $173,990.00.
• On Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $132.00, for a total value of $119,328.00.
• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $130.27, for a total value of $222,501.16.

PrimeEnergy Resources Price Performance

PNRG stock opened at $134.00 on Wednesday. PrimeEnergy Resources Co. has a one year low of $92.40 and a one year high of $138.00. The stock has a market cap of $239.19 million, a price-to-earnings ratio of 9.15 and a beta of 0.55. The company has a fifty day moving average price of $121.61 and a two-hundred day moving average price of $110.28.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a return on equity of 28.34%. The company had revenue of $64.83 million during the quarter.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently made changes to their positions in PNRG. Janney Montgomery Scott LLC increased its stake in shares of PrimeEnergy Resources by 17.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after purchasing an additional 1,033 shares during the period. Vanguard Group Inc. grew its holdings in PrimeEnergy Resources by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock valued at $3,102,000 after buying an additional 366 shares in the last quarter. IFG Advisory LLC bought a new position in PrimeEnergy Resources during the 2nd quarter worth $532,000. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources during the second quarter worth $222,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of PrimeEnergy Resources by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after buying an additional 1,045 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.