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

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De purchased 1,017 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $195.29 per share, for a total transaction of $198,609.93. Following the purchase, the insider now directly owns 236,913 shares in the company, valued at approximately $46,266,739.77. This trade represents a 0.43 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was 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 stock was sold at an average price of $203.92, for a total transaction of $272,641.04.
• On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The stock was 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 shares were sold at an average price of $215.18, for a total transaction 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 stock was 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 value of $496,934.33.
• On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $205.40, for a total value of $707,808.40.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG traded up $3.43 during mid-day trading on Friday, reaching $196.54. The company had a trading volume of 4,648 shares, compared to its average volume of 16,686. The firm has a market cap of $337.45 million, a price-to-earnings ratio of 8.45 and a beta of 0.54. The business’s 50-day simple moving average is $206.97 and its 200 day simple moving average is $176.88. PrimeEnergy Resources Co. has a one year low of $96.02 and a one year high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Hedge Funds Weigh In On PrimeEnergy Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in PrimeEnergy Resources by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after acquiring an additional 81 shares during the last quarter. State Street Corp lifted its position in shares of PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after purchasing an additional 100 shares during the period. Cannell Capital LLC boosted its position in PrimeEnergy Resources by 3.2% during the fourth quarter. Cannell Capital LLC now owns 6,053 shares of the oil and natural gas company’s stock valued at $1,329,000 after acquiring an additional 187 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PrimeEnergy Resources by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after purchasing an additional 247 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of PrimeEnergy Resources during the 3rd quarter worth approximately $47,000.

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.