PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $1,053,286.68 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the sale, the director now directly owns 126,680 shares of the company’s stock, valued at approximately $27,264,069.60. This represents a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, January 17th, Clint Hurt sold 1,107 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.09, for a total value of $236,997.63.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75.
• On Thursday, January 2nd, Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $220.66, for a total transaction of $467,357.88.
• On Monday, December 30th, Clint Hurt sold 997 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $234.09, for a total value of $233,387.73.

PrimeEnergy Resources Stock Up 1.6 %

PrimeEnergy Resources stock opened at $223.60 on Friday. The business’s 50-day simple moving average is $202.90 and its two-hundred day simple moving average is $161.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $384.59 million, a PE ratio of 9.61 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in PrimeEnergy Resources by 3.7% in the second 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 buying an additional 1,045 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PrimeEnergy Resources by 6.4% in the 3rd 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 boosted its holdings in shares of PrimeEnergy Resources by 3.1% in the 3rd 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 last quarter. State Street Corp boosted its holdings in 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 valued at $1,026,000 after purchasing an additional 100 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in PrimeEnergy Resources by 41.2% in the third quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock valued at $391,000 after purchasing an additional 828 shares during 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.