Cannell Capital LLC Acquires 187 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Cannell Capital LLC raised its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,053 shares of the oil and natural gas company’s stock after purchasing an additional 187 shares during the period. Cannell Capital LLC’s holdings in PrimeEnergy Resources were worth $1,329,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PNRG. Wells Fargo & Company MN raised its holdings in shares of PrimeEnergy Resources by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after acquiring an additional 81 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in PrimeEnergy Resources during the 4th quarter valued at $203,000. Bank of New York Mellon Corp bought a new position in PrimeEnergy Resources in the 4th quarter worth $246,000. BNP Paribas Financial Markets lifted its position in shares of PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after purchasing an additional 1,028 shares during the period. Finally, Safir Wealth Advisors LLC purchased a new stake in shares of PrimeEnergy Resources in the 4th quarter worth about $273,000.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG opened at $188.79 on Tuesday. PrimeEnergy Resources Co. has a 1 year low of $98.55 and a 1 year high of $243.49. The stock has a market capitalization of $324.15 million, a P/E ratio of 8.12 and a beta of 0.04. The company’s 50-day moving average is $205.11 and its 200 day moving average is $192.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54.

Insiders Place Their Bets

In other news, Director Clint Hurt sold 4,894 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total transaction of $1,053,286.68. Following the sale, the director now owns 126,680 shares in the company, valued at approximately $27,264,069.60. The trade was a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Rothschild Robert De sold 3,297 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $219.72, for a total transaction of $724,416.84. Following the completion of the transaction, the insider now owns 253,471 shares of the company’s stock, valued at approximately $55,692,648.12. The trade was a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,781 shares of company stock worth $6,256,751. Company insiders own 61.07% of the company’s stock.

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.