PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 2,311 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $215.03, for a total transaction of $496,934.33. Following the sale, the insider now directly owns 259,011 shares in the company, valued at approximately $55,695,135.33. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 Trading Up 1.2 %

NASDAQ:PNRG traded up $2.63 on Friday, reaching $213.37. The company’s stock had a trading volume of 46,008 shares, compared to its average volume of 14,755. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49. The stock has a 50 day moving average price of $199.09 and a 200 day moving average price of $157.31. The firm has a market cap of $367.00 million, a price-to-earnings ratio of 9.17 and a beta of 0.54. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources during the third quarter valued at about $47,000. BNP Paribas Financial Markets boosted its position 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 worth $171,000 after purchasing an additional 1,028 shares during the period. JPMorgan Chase & Co. increased 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 valued at $208,000 after purchasing an additional 823 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in PrimeEnergy Resources in the second quarter valued at approximately $222,000. Finally, Safir Wealth Advisors LLC acquired a new position in PrimeEnergy Resources during the fourth quarter worth $273,000.

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.