PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 4,894 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 4,894 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the transaction, the director now directly owns 126,680 shares in the company, valued at approximately $27,264,069.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Clint Hurt also recently made the following trade(s):

• On Friday, January 17th, Clint Hurt sold 1,107 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $214.09, for a total transaction of $236,997.63.
• On Wednesday, January 15th, Clint Hurt sold 3,095 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75.
• 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 stock was sold at an average price of $234.09, for a total transaction of $233,387.73.

PrimeEnergy Resources Stock Performance

NASDAQ PNRG traded up $6.20 on Wednesday, hitting $218.99. 38,082 shares of the company’s stock were exchanged, compared to its average volume of 17,583. The firm has a market cap of $376.66 million, a price-to-earnings ratio of 9.41 and a beta of 0.54. The firm’s 50-day moving average price is $201.79 and its two-hundred day moving average price is $160.68. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in PrimeEnergy Resources in the third quarter valued at $47,000. BNP Paribas Financial Markets increased its holdings in shares of PrimeEnergy Resources by 489.5% in 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 purchasing an additional 1,028 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources in the second quarter valued at about $222,000. Finally, Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources during the fourth quarter worth about $273,000.

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.