PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $496,934.33 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total value of $496,934.33. Following the transaction, the insider now owns 259,011 shares of the company’s stock, valued at $55,695,135.33. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Trading Up 1.2 %

Shares of PrimeEnergy Resources stock opened at $213.37 on Monday. The firm has a market cap of $367.00 million, a PE ratio of 9.17 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. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49. The business’s fifty day moving average is $199.66 and its two-hundred day moving average is $158.76.

Institutional Trading of PrimeEnergy Resources

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of PrimeEnergy Resources in the third quarter worth about $47,000. BNP Paribas Financial Markets lifted its position in PrimeEnergy Resources by 489.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after acquiring an additional 1,028 shares in the last quarter. Barclays PLC boosted its holdings in 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 worth $362,000 after acquiring an additional 636 shares during the period. State Street Corp grew its position in PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock valued at $1,026,000 after acquiring an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of PrimeEnergy Resources by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after purchasing an additional 247 shares during the period.

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.