PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 2,311 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,311 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total value of $496,934.33. Following the transaction, the insider now owns 259,011 shares in the company, valued at $55,695,135.33. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction of $707,808.40.

PrimeEnergy Resources Price Performance

PNRG opened at $213.37 on Friday. 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 quick ratio of 0.54 and a current ratio of 0.54. The company’s 50 day simple moving average is $199.66 and its 200 day simple moving average is $158.05. The stock has a market capitalization of $367.00 million, a PE ratio of 9.17 and a beta of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of 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 during the 3rd quarter worth $47,000. BNP Paribas Financial Markets grew its position 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 valued at $171,000 after acquiring an additional 1,028 shares during the period. Safir Wealth Advisors LLC acquired a new stake in PrimeEnergy Resources during the fourth quarter worth about $273,000. JPMorgan Chase & Co. raised its holdings in shares of PrimeEnergy Resources by 119.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after purchasing an additional 823 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at about $276,000.

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.