Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 3,095 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,095 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $214.65, for a total transaction of $664,341.75. Following the completion of the sale, the director now directly owns 132,681 shares in the company, valued at approximately $28,479,976.65. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $220.66, for a total value of $467,357.88.
• 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 value of $233,387.73.

PrimeEnergy Resources Trading Up 1.2 %

Shares of NASDAQ:PNRG opened at $213.37 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49. The business has a 50 day moving average of $199.66 and a two-hundred day moving average of $158.76. The company has a market capitalization of $367.00 million, a PE ratio of 9.17 and a beta of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in PrimeEnergy Resources in the third quarter valued at $47,000. BNP Paribas Financial Markets grew 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 valued at $171,000 after acquiring an additional 1,028 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PrimeEnergy Resources by 119.4% in 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 purchasing an additional 823 shares in the last quarter. Victory Capital Management Inc. acquired a new position in PrimeEnergy Resources in the 2nd quarter worth about $222,000. Finally, Safir Wealth Advisors LLC purchased a new position in PrimeEnergy Resources during the fourth quarter worth approximately $273,000.

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.