PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $785,797.12 in Stock

Posted by Bob Marten on Feb 24th, 2025

PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report) major shareholder Rothschild Robert De sold 3,904 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $201.28, for a total value of $785,797.12. Following the transaction, the insider now directly owns 237,930 shares in the company, valued at approximately $47,890,550.40. This represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $197.31, for a total value of $388,700.70.
On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $203.92, for a total value of $272,641.04.
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 stock was 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 stock was sold at an average price of $212.00, for a total value 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 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 stock was 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 Price Performance

Shares of PNRG stock opened at $193.60 on Monday. The firm has a market cap of $332.41 million, a P/E ratio of 8.32 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $96.02 and a fifty-two week high of $243.49. The business’s 50 day moving average price is $205.68 and its 200-day moving average price is $175.40. 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 Investors Weigh In On PrimeEnergy Resources

Large investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in shares of PrimeEnergy Resources by 185.7% in the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after buying an additional 5,270 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of PrimeEnergy Resources in the 3rd quarter worth approximately $47,000. BNP Paribas Financial Markets grew its position in shares of PrimeEnergy Resources by 489.5% in 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. Barclays PLC lifted its stake in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after purchasing an additional 636 shares during the period. Finally, State Street Corp lifted its stake 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 valued at $1,026,000 after purchasing an additional 100 shares during the period.

PrimeEnergy Resources Company Profile

(Get Free Report)

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.