PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 2,118 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total value of $467,357.88. Following the completion of the transaction, the director now owns 135,776 shares of the company’s stock, valued at approximately $29,960,332.16. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Clint Hurt also recently made the following trade(s):

• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $234.09, for a total transaction of $233,387.73.

PrimeEnergy Resources Stock Up 2.9 %

Shares of NASDAQ PNRG opened at $209.10 on Thursday. PrimeEnergy Resources Co. has a 52-week low of $92.40 and a 52-week high of $243.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $194.45 and its 200-day simple moving average is $153.45. The firm has a market cap of $359.02 million, a price-to-earnings ratio of 8.99 and a beta of 0.54.

Institutional Investors Weigh In On PrimeEnergy Resources

Large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after acquiring an additional 100 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in PrimeEnergy Resources by 3.1% during the 3rd 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 last quarter. Allspring Global Investments Holdings LLC acquired a new stake in PrimeEnergy Resources during the 3rd quarter worth $47,000. Barclays PLC raised its position in shares of 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 valued at $362,000 after buying an additional 636 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of PrimeEnergy Resources by 119.4% in the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after buying an additional 823 shares in the last quarter.

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.