PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,446 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,446 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $205.40, for a total value of $707,808.40. Following the completion of the sale, the insider now owns 263,322 shares in the company, valued at approximately $54,086,338.80. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 stock was sold at an average price of $215.03, for a total value of $496,934.33.

PrimeEnergy Resources Price Performance

Shares of NASDAQ:PNRG opened at $213.37 on Friday. The firm has a market capitalization of $367.00 million, a PE ratio of 9.17 and a beta of 0.54. 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 has a 50-day moving average price of $199.66 and a two-hundred day moving average price of $158.05. PrimeEnergy Resources Co. has a twelve month low of $92.40 and a twelve month high of $243.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PNRG. State Street Corp lifted its position in shares of PrimeEnergy Resources by 1.4% during 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 in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PrimeEnergy Resources by 3.1% in 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. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources in the 3rd quarter worth about $47,000. Barclays PLC increased 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 worth $362,000 after purchasing an additional 636 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 valued at $208,000 after buying an additional 823 shares in 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.