Rothschild Robert De Purchases 1,017 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De purchased 1,017 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $195.29 per share, for a total transaction of $198,609.93. Following the completion of the purchase, the insider now directly owns 236,913 shares of the company’s stock, valued at approximately $46,266,739.77. This represents a 0.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, February 19th, Rothschild Robert De sold 3,904 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $201.28, for a total value of $785,797.12.
• On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $197.31, for a total value of $388,700.70.
• On Monday, February 10th, Rothschild Robert De sold 1,337 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $203.92, for a total value of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total transaction of $326,472.25.
• On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.18, for a total value of $108,235.54.
• On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00.
• On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $219.72, for a total transaction of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The shares were 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 shares were 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 stock was sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Price Performance

Shares of NASDAQ:PNRG opened at $195.90 on Friday. The business has a 50-day simple moving average of $207.44 and a two-hundred day simple moving average of $177.48. 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 firm has a market cap of $336.36 million, a price-to-earnings ratio of 8.42 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $96.02 and a fifty-two week high of $243.49.

Institutional Investors Weigh In On PrimeEnergy Resources

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. purchased a new stake in PrimeEnergy Resources during the fourth quarter valued at $6,322,000. American Century Companies Inc. increased its position in shares of PrimeEnergy Resources by 363.6% during the 4th quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company’s stock valued at $1,596,000 after purchasing an additional 5,702 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of PrimeEnergy Resources by 185.7% in the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock worth $1,780,000 after purchasing an additional 5,270 shares during the period. Bridgeway Capital Management LLC grew its position in PrimeEnergy Resources by 73.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 12,449 shares of the oil and natural gas company’s stock valued at $2,734,000 after buying an additional 5,270 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in PrimeEnergy Resources during the fourth quarter valued at $815,000.

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.