PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $388,700.70 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,970 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total value of $388,700.70. Following the completion of the sale, the insider now owns 241,834 shares of the company’s stock, valued at $47,716,266.54. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The shares were 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 shares were 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 shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 0.3 %

NASDAQ PNRG opened at $194.18 on Friday. PrimeEnergy Resources Co. has a 1-year low of $96.02 and a 1-year high of $243.49. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $333.41 million, a PE ratio of 8.35 and a beta of 0.54. The firm’s fifty day simple moving average is $204.92 and its 200-day simple moving average is $171.53.

Hedge Funds Weigh In On PrimeEnergy Resources

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in PrimeEnergy Resources by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company’s stock worth $7,865,000 after buying an additional 2,753 shares during the last quarter. Invesco Ltd. acquired a new position in PrimeEnergy Resources during the fourth quarter worth $6,322,000. Geode Capital Management LLC increased its position in PrimeEnergy Resources by 6.4% during the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock worth $2,155,000 after buying an additional 935 shares during the last quarter. Northern Trust Corp increased its position in PrimeEnergy Resources by 4.7% during the fourth quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company’s stock worth $2,289,000 after buying an additional 464 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in 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 worth $1,129,000 after buying an additional 247 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.