Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 1,337 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,337 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $203.92, for a total transaction of $272,641.04. Following the transaction, the insider now directly owns 248,191 shares of the company’s stock, valued at approximately $50,611,108.72. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total value of $388,700.70.
• 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 shares were 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 stock was 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 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 stock was sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Stock Down 1.1 %

Shares of NASDAQ PNRG traded down $2.09 during mid-day trading on Wednesday, hitting $196.51. 14,487 shares of the stock traded hands, compared to its average volume of 19,525. The company has a market cap of $338.00 million, a price-to-earnings ratio of 8.45 and a beta of 0.54. The stock has a fifty day moving average price of $205.33 and a 200-day moving average price of $170.63. PrimeEnergy Resources Co. has a 52 week low of $93.70 and a 52 week high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Trading of PrimeEnergy Resources

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources during the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 1,028 shares during the last quarter. Barclays PLC increased its holdings in shares of PrimeEnergy Resources by 31.9% during the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after acquiring an additional 636 shares in the last quarter. State Street Corp raised its position in shares of 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 worth $1,026,000 after purchasing an additional 100 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in PrimeEnergy Resources by 3.1% in 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 purchasing 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.