Safir Wealth Advisors LLC Makes New Investment in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources Co. (NASDAQ:PNRG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,244 shares of the oil and natural gas company’s stock, valued at approximately $273,000. PrimeEnergy Resources makes up 0.2% of Safir Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Safir Wealth Advisors LLC owned 0.07% of PrimeEnergy Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PNRG. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 1,028 shares during the last quarter. Barclays PLC boosted its holdings 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 valued at $362,000 after purchasing an additional 636 shares in the last quarter. State Street Corp increased its stake in shares of PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock valued at $1,026,000 after purchasing an additional 100 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of PrimeEnergy Resources by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after buying an additional 247 shares in the last quarter.

PrimeEnergy Resources Price Performance

Shares of PNRG stock opened at $213.37 on Friday. PrimeEnergy Resources Co. has a twelve month low of $92.40 and a twelve month high of $243.49. 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 business has a fifty day simple moving average of $199.66 and a 200 day simple moving average of $158.41. The company has a market cap of $367.00 million, a P/E ratio of 9.17 and a beta of 0.54.

Insider Transactions at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 2,311 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total transaction of $496,934.33. Following the sale, the insider now directly owns 259,011 shares in the company, valued at approximately $55,695,135.33. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Clint Hurt sold 997 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the completion of the transaction, the director now directly owns 139,766 shares of the company’s stock, valued at $32,717,822.94. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,967 shares of company stock valued at $2,569,830. 61.07% of the stock is currently owned by insiders.

PrimeEnergy Resources 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.