PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,297 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock in a transaction on Friday, January 31st. The shares were sold at an average price of $219.72, for a total value of $724,416.84. Following the sale, the insider now directly owns 253,471 shares of the company’s stock, valued at approximately $55,692,648.12. The trade was a 1.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total value of $99,852.00.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $213.69, for a total value of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.03, for a total value of $496,934.33.
• 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

PNRG opened at $206.49 on Friday. PrimeEnergy Resources Co. has a 1 year low of $93.52 and a 1 year high of $243.49. The stock has a fifty day moving average price of $205.50 and a 200 day moving average price of $168.19. The stock has a market cap of $354.54 million, a price-to-earnings ratio of 8.88 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.

Institutional Trading of PrimeEnergy Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources in the third quarter worth about $47,000. Bank of New York Mellon Corp acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter worth about $246,000. BNP Paribas Financial Markets lifted its position in shares of PrimeEnergy Resources by 489.5% in the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after buying an additional 1,028 shares during the last quarter. Safir Wealth Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter worth about $273,000. Finally, JPMorgan Chase & Co. lifted its position in shares of PrimeEnergy Resources by 119.4% in the third 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 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.