Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 1,107 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,107 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $214.09, for a total transaction of $236,997.63. Following the completion of the sale, the director now directly owns 131,574 shares of the company’s stock, valued at approximately $28,168,677.66. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 22nd, Clint Hurt sold 4,894 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.22, for a total value of $1,053,286.68.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The shares were 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 stock was sold at an average price of $220.66, for a total value 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 transaction of $233,387.73.

PrimeEnergy Resources Stock Up 2.9 %

Shares of PNRG stock traded up $6.20 during trading on Wednesday, reaching $218.99. The company’s stock had a trading volume of 38,082 shares, compared to its average volume of 17,583. The company has a market capitalization of $376.66 million, a price-to-earnings ratio of 9.41 and a beta of 0.54. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The stock’s 50-day moving average price is $201.79 and its 200 day moving average price is $160.68.

Institutional Trading of PrimeEnergy Resources

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources during the 3rd quarter worth about $47,000. BNP Paribas Financial Markets raised its holdings in 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 worth $171,000 after purchasing an additional 1,028 shares in the last quarter. Barclays PLC lifted its position in shares of PrimeEnergy Resources by 31.9% during 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 during the last quarter. State Street Corp raised its stake 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 acquiring an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in PrimeEnergy Resources by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after acquiring an additional 247 shares in 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.