Rothschild Robert De Sells 3,446 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,446 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $205.40, for a total transaction of $707,808.40. Following the completion of the sale, the insider now owns 263,322 shares in the company, valued at $54,086,338.80. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

PrimeEnergy Resources Trading Down 1.0 %

PNRG opened at $210.74 on Friday. The firm’s fifty day moving average is $198.48 and its two-hundred day moving average is $156.93. The firm has a market cap of $361.84 million, a PE ratio of 9.06 and a beta of 0.54. PrimeEnergy Resources Co. has a twelve month low of $92.40 and a twelve month high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Trading of PrimeEnergy Resources

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of PrimeEnergy Resources by 3.7% in 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 acquiring an additional 1,045 shares in the last quarter. Geode Capital Management LLC grew its position in shares of PrimeEnergy Resources by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after purchasing an additional 935 shares during the period. Janney Montgomery Scott LLC increased its stake in 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 purchasing an additional 247 shares in the last quarter. State Street Corp raised its holdings in PrimeEnergy Resources by 1.4% during the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after buying an additional 100 shares during the period. Finally, Empowered Funds LLC lifted its stake in PrimeEnergy Resources by 41.2% in the third quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock valued at $391,000 after buying an additional 828 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.