Safir Wealth Advisors LLC Buys Shares of 1,244 PrimeEnergy Resources Co. (NASDAQ:PNRG)

Safir Wealth Advisors LLC purchased a new position in PrimeEnergy Resources Co. (NASDAQ:PNRG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,244 shares of the oil and natural gas company’s stock, valued at approximately $273,000. PrimeEnergy Resources accounts for 0.2% of Safir Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors also recently modified their holdings of PNRG. Victory Capital Management Inc. acquired a new position in PrimeEnergy Resources in the second quarter valued at $222,000. Dimensional Fund Advisors LP raised its position in shares of PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after acquiring an additional 1,045 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the 3rd quarter valued at about $47,000. Farther Finance Advisors LLC bought a new stake in shares of PrimeEnergy Resources during the 3rd quarter valued at about $276,000. Finally, Janney Montgomery Scott LLC grew its stake in PrimeEnergy Resources by 3.1% during the third 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 during the period.

PrimeEnergy Resources Price Performance

Shares of PNRG opened at $213.37 on Friday. The firm has a market cap of $367.00 million, a PE ratio of 9.17 and a beta of 0.54. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The business’s 50 day moving average price is $199.66 and its two-hundred day moving average price is $158.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Activity

In related news, major shareholder Rothschild Robert De sold 3,446 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $205.40, for a total transaction of $707,808.40. Following the transaction, the insider now directly owns 263,322 shares of the company’s stock, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Clint Hurt sold 997 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the completion of the sale, the director now directly owns 139,766 shares of the company’s stock, valued at $32,717,822.94. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,967 shares of company stock worth $2,569,830 in the last quarter. 61.07% of the stock is owned by corporate insiders.

PrimeEnergy Resources 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.