Rothschild Robert De Sells 3,297 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,297 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 253,471 shares of the company’s stock, valued at $55,692,648.12. This trade represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total transaction of $99,852.00.
• 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 transaction of $391,266.39.
• On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.03, for a total transaction 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 Stock Up 1.7 %

NASDAQ:PNRG traded up $3.48 during mid-day trading on Tuesday, reaching $213.28. The stock had a trading volume of 24,701 shares, compared to its average volume of 20,223. The stock has a market cap of $366.84 million, a P/E ratio of 9.17 and a beta of 0.54. The business’s 50 day moving average is $205.08 and its 200 day moving average is $166.92. 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 fifty-two week low of $93.52 and a fifty-two week high of $243.49.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in PrimeEnergy Resources in the third quarter worth $47,000. Bank of New York Mellon Corp bought a new stake in shares of PrimeEnergy Resources during the 4th quarter worth about $246,000. BNP Paribas Financial Markets increased its holdings in shares of 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 valued at $171,000 after acquiring an additional 1,028 shares during the last quarter. Safir Wealth Advisors LLC bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at approximately $273,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $208,000 after purchasing an additional 823 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.