PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 1,970 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,970 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total transaction of $388,700.70. Following the transaction, the insider now directly owns 241,834 shares of the company’s stock, valued at $47,716,266.54. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $203.92, for a total value of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $202.15, for a total value of $326,472.25.
• On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.18, for a total value of $108,235.54.
• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total transaction of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $213.69, for a total transaction of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was 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

Shares of PrimeEnergy Resources stock opened at $196.51 on Thursday. The stock has a market cap of $338.00 million, a price-to-earnings ratio of 8.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average price of $205.13 and a 200-day moving average price of $170.81. PrimeEnergy Resources Co. has a one year low of $93.70 and a one year high of $243.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PNRG. Allspring Global Investments Holdings LLC purchased a new stake in shares of PrimeEnergy Resources in the third quarter valued at $47,000. Great Lakes Advisors LLC bought a new position in PrimeEnergy Resources during the 4th quarter valued at about $203,000. Bank of New York Mellon Corp purchased a new stake in PrimeEnergy Resources in the 4th quarter worth about $246,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 1,028 shares during the last quarter. Finally, Safir Wealth Advisors LLC purchased a new position in shares of PrimeEnergy Resources during the fourth quarter valued at approximately $273,000.

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.