Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $324,370.98 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,511 shares of PrimeEnergy Resources stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $129.18, for a total transaction of $324,370.98. Following the transaction, the director now directly owns 140,763 shares of the company’s stock, valued at $18,183,764.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, July 19th, Clint Hurt sold 29 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $120.00, for a total transaction of $3,480.00.
• On Wednesday, July 17th, Clint Hurt sold 2,217 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $120.57, for a total value of $267,303.69.

PrimeEnergy Resources Stock Up 0.1 %

PNRG stock opened at $129.20 on Thursday. The business has a 50 day moving average of $112.67 and a 200 day moving average of $105.66. The firm has a market cap of $230.62 million, a PE ratio of 8.83 and a beta of 0.55. PrimeEnergy Resources Co. has a twelve month low of $92.40 and a twelve month high of $136.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On PrimeEnergy Resources

Several institutional investors and hedge funds have recently modified their holdings of PNRG. Victory Capital Management Inc. purchased a new stake in PrimeEnergy Resources during the 2nd quarter valued at about $222,000. Strs Ohio lifted its stake in shares of PrimeEnergy Resources by 5.9% in the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock worth $382,000 after buying an additional 200 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of PrimeEnergy Resources by 10.5% during the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock valued at $447,000 after buying an additional 400 shares during the last quarter. IFG Advisory LLC bought a new stake in shares of PrimeEnergy Resources during the second quarter valued at approximately $532,000. Finally, Janney Montgomery Scott LLC raised its holdings in PrimeEnergy Resources by 17.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after acquiring an additional 1,033 shares during the last quarter.

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.