Rothschild Robert De Sells 1,831 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,831 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $213.69, for a total transaction of $391,266.39. Following the completion of the sale, the insider now directly owns 256,768 shares of the company’s stock, valued at $54,868,753.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 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 transaction 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 Performance

NASDAQ:PNRG opened at $220.00 on Friday. The company has a market cap of $378.40 million, a price-to-earnings ratio of 9.46 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two 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. The stock has a fifty day moving average price of $202.46 and a 200-day moving average price of $161.09.

Institutional Investors Weigh In On PrimeEnergy Resources

Several institutional investors and hedge funds have recently bought and sold shares of PNRG. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth approximately $222,000. Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the 3rd quarter valued at $276,000. Safir Wealth Advisors LLC bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at $273,000. Dimensional Fund Advisors LP raised its holdings in shares of PrimeEnergy Resources by 3.7% during 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 buying an additional 1,045 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of PrimeEnergy Resources by 489.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after buying an additional 1,028 shares during 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.