PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $99,852.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRGGet Free Report) major shareholder Rothschild Robert De sold 471 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $212.00, for a total transaction of $99,852.00. Following the completion of the sale, the insider now owns 253,000 shares in the company, valued at $53,636,000. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were 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 shares were sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Trading Up 1.7 %

Shares of NASDAQ:PNRG traded up $3.48 during trading on Tuesday, reaching $213.28. The stock had a trading volume of 24,701 shares, compared to its average volume of 20,223. 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 stock has a market cap of $366.84 million, a P/E ratio of 9.17 and a beta of 0.54. The business has a fifty day moving average price of $205.08 and a 200-day moving average price of $166.92. PrimeEnergy Resources Co. has a fifty-two week low of $93.52 and a fifty-two week high of $243.49.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently bought and sold shares of PNRG. Dimensional Fund Advisors LP boosted its holdings in shares of PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock valued at $3,146,000 after purchasing an additional 1,045 shares during the last quarter. Geode Capital Management LLC boosted its holdings in PrimeEnergy Resources by 6.4% in the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after acquiring an additional 935 shares during the last quarter. Janney Montgomery Scott LLC grew 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 valued at $1,129,000 after acquiring an additional 247 shares during the period. Empowered Funds LLC increased its stake in PrimeEnergy Resources by 185.7% during the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after acquiring an additional 5,270 shares during the last quarter. Finally, State Street Corp raised its holdings 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 worth $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.

See Also

Insider Buying and Selling by Quarter for PrimeEnergy Resources (NASDAQ:PNRG)

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