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 on Wednesday, January 15th. The shares were sold at an average price of $215.03, for a total transaction of $496,934.33. Following the transaction, the insider now owns 259,011 shares in the company, valued at $55,695,135.33. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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 Price Performance

Shares of NASDAQ PNRG opened at $213.37 on Friday. The company has a market capitalization of $367.00 million, a price-to-earnings ratio of 9.17 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. The business has a 50-day moving average of $199.66 and a 200-day moving average of $158.05.

Institutional Trading of PrimeEnergy Resources

Several large investors have recently bought and sold shares of the company. Safir Wealth Advisors LLC acquired a new position in shares of PrimeEnergy Resources during the fourth quarter worth $273,000. JPMorgan Chase & Co. increased its stake in PrimeEnergy Resources by 119.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after buying an additional 823 shares during the period. Barclays PLC lifted 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 buying an additional 636 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 worth $2,155,000 after buying an additional 935 shares in the last quarter. Finally, State Street Corp boosted its position in 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 buying an additional 100 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.