PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 1,767 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,767 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $187.00, for a total value of $330,429.00. Following the completion of the transaction, the insider now owns 230,757 shares in the company, valued at approximately $43,151,559. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Tuesday, June 3rd, Rothschild Robert De sold 4,389 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $188.01, for a total value of $825,175.89.

PrimeEnergy Resources Stock Performance

PrimeEnergy Resources stock opened at $144.00 on Friday. The stock’s 50-day moving average is $180.96 and its 200-day moving average is $196.24. The company has a market cap of $239.18 million, a price-to-earnings ratio of 6.19 and a beta of 0.24. 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 12 month low of $103.51 and a 12 month high of $243.49.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 EPS for the quarter. The business had revenue of $50.06 million for the quarter. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds have recently modified their holdings of PNRG. Wells Fargo & Company MN grew its stake in PrimeEnergy Resources by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after purchasing an additional 81 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of PrimeEnergy Resources in the 1st quarter worth about $93,000. Great Lakes Advisors LLC acquired a new position in PrimeEnergy Resources during the 4th quarter valued at approximately $203,000. Nuveen Asset Management LLC acquired a new position in PrimeEnergy Resources during the 4th quarter valued at approximately $207,000. Finally, Ellevest Inc. acquired a new position in PrimeEnergy Resources during the 4th quarter valued at approximately $241,000.

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.