PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 4,894 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total value of $1,053,286.68. Following the transaction, the director now owns 126,680 shares in the company, valued at approximately $27,264,069.60. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 17th, Clint Hurt sold 1,107 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.09, for a total transaction of $236,997.63.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The stock was 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 value of $233,387.73.

PrimeEnergy Resources Stock Performance

Shares of PrimeEnergy Resources stock opened at $218.99 on Thursday. The firm has a market capitalization of $376.66 million, a P/E ratio of 9.41 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $201.79 and its 200 day simple moving average is $160.68. PrimeEnergy Resources Co. has a 12 month low of $92.40 and a 12 month high of $243.49.

Hedge Funds Weigh In On PrimeEnergy Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of PrimeEnergy Resources during the 3rd quarter valued at $47,000. BNP Paribas Financial Markets increased its position in shares of 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 buying an additional 1,028 shares during the period. Barclays PLC lifted its holdings in shares of PrimeEnergy Resources by 31.9% in the third 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. State Street Corp grew its stake in PrimeEnergy Resources by 1.4% during 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 increased its holdings 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 acquiring an additional 247 shares during the period.

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.