Rothschild Robert De Sells 471 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 471 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $212.00, for a total value of $99,852.00. Following the completion of the transaction, the insider now directly owns 253,000 shares in the company, valued at approximately $53,636,000. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total value of $724,416.84.
• On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was 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 transaction of $707,808.40.

PrimeEnergy Resources Stock Down 3.0 %

Shares of NASDAQ:PNRG opened at $206.49 on Friday. The company has a 50 day moving average price of $205.50 and a two-hundred day moving average price of $168.19. 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 company has a market capitalization of $354.54 million, a PE ratio of 8.88 and a beta of 0.54. PrimeEnergy Resources Co. has a 52 week low of $93.52 and a 52 week high of $243.49.

Institutional Trading of PrimeEnergy Resources

A number of large investors have recently made changes to their positions in PNRG. Allspring Global Investments Holdings LLC acquired a new position in PrimeEnergy Resources in the third quarter valued at about $47,000. BNP Paribas Financial Markets raised its position in shares of PrimeEnergy Resources by 489.5% during the third 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. lifted its holdings in shares of PrimeEnergy Resources by 119.4% during 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. Bank of New York Mellon Corp acquired a new position in shares of PrimeEnergy Resources in the 4th quarter valued at approximately $246,000. Finally, Safir Wealth Advisors LLC bought a new stake in PrimeEnergy Resources during the 4th quarter worth approximately $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.