Clint Hurt Sells 3,095 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,095 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 of the company’s stock, valued at $28,479,976.65. The trade was a 2.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 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 Price Performance

Shares of NASDAQ PNRG opened at $213.37 on Friday. The company has a market capitalization of $367.00 million, a price-to-earnings ratio of 9.17 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $243.49. The business has a 50-day moving average of $199.66 and a 200-day moving average of $158.41.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of institutional investors and hedge funds have recently bought and sold shares of PNRG. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources during the third quarter worth $47,000. BNP Paribas Financial Markets increased its stake in 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 worth $171,000 after buying an additional 1,028 shares during the period. Safir Wealth Advisors LLC acquired a new position in PrimeEnergy Resources in the 4th quarter worth $273,000. JPMorgan Chase & Co. boosted its position in 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 buying an additional 823 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources during the third quarter valued at about $276,000.

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.