Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 1,107 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $214.09, for a total value of $236,997.63. Following the completion of the sale, the director now owns 131,574 shares in the company, valued at $28,168,677.66. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Clint Hurt also recently made the following trade(s):

• On Wednesday, January 22nd, Clint Hurt sold 4,894 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.22, for a total transaction of $1,053,286.68.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $214.65, for a total transaction of $664,341.75.
• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88.
• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total transaction of $233,387.73.

PrimeEnergy Resources Stock Performance

NASDAQ:PNRG traded up $6.20 on Wednesday, hitting $218.99. The stock had a trading volume of 38,082 shares, compared to its average volume of 17,583. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The stock has a market cap of $376.66 million, a price-to-earnings ratio of 9.41 and a beta of 0.54. 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’s 50-day simple moving average is $201.79 and its two-hundred day simple moving average is $160.68.

Institutional Trading of PrimeEnergy Resources

A number of hedge funds and other institutional investors have recently modified their holdings of PNRG. Allspring Global Investments Holdings LLC purchased a new position in shares of PrimeEnergy Resources in the third quarter worth $47,000. BNP Paribas Financial Markets grew 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 valued at $171,000 after acquiring an additional 1,028 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in PrimeEnergy Resources by 119.4% in 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 last quarter. Victory Capital Management Inc. purchased a new stake in PrimeEnergy Resources in the 2nd quarter worth $222,000. Finally, Safir Wealth Advisors LLC bought a new position in shares of PrimeEnergy Resources during the 4th quarter valued at about $273,000.

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.