PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $99,852.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 471 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $212.00, for a total value of $99,852.00. Following the completion of the transaction, the insider now directly owns 253,000 shares in the company, valued at $53,636,000. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total value 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 value 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 transaction of $707,808.40.

PrimeEnergy Resources Trading Down 3.0 %

Shares of NASDAQ PNRG opened at $206.49 on Friday. PrimeEnergy Resources Co. has a 1-year low of $93.52 and a 1-year high of $243.49. The company has a 50-day moving average of $205.50 and a two-hundred day moving average of $168.19. The company has a market cap of $354.54 million, a PE ratio of 8.88 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in 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 valued at $1,026,000 after buying an additional 100 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of 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 valued at $1,129,000 after acquiring an additional 247 shares during the period. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources in the third quarter valued at about $47,000. Barclays PLC increased its position in PrimeEnergy Resources by 31.9% in the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock worth $362,000 after purchasing an additional 636 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in PrimeEnergy Resources by 119.4% during 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 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.