Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 3,095 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,095 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $214.65, for a total transaction of $664,341.75. Following the completion of the transaction, the director now owns 132,681 shares in the company, valued at approximately $28,479,976.65. This represents a 2.28 % 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 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 value of $233,387.73.

PrimeEnergy Resources Stock Up 1.2 %

NASDAQ:PNRG traded up $2.63 during mid-day trading on Friday, reaching $213.37. The stock had a trading volume of 46,008 shares, compared to its average volume of 14,755. The stock has a market cap of $367.00 million, a P/E ratio of 9.17 and a beta of 0.54. The business’s 50 day moving average is $199.09 and its 200 day moving average is $157.31. 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 $92.40 and a fifty-two week high of $243.49.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PNRG. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources in the 2nd quarter valued at $222,000. Farther Finance Advisors LLC bought a new position in PrimeEnergy Resources during the third quarter valued at about $276,000. Safir Wealth Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter worth about $273,000. Dimensional Fund Advisors LP boosted its stake in shares of PrimeEnergy Resources by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after acquiring an additional 1,045 shares in the last quarter. Finally, 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.

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.