PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 3,446 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $205.40, for a total value of $707,808.40. Following the completion of the sale, the insider now directly owns 263,322 shares in the company, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

PrimeEnergy Resources Stock Performance

Shares of NASDAQ PNRG opened at $212.79 on Thursday. The stock has a market capitalization of $365.36 million, a PE ratio of 9.15 and a beta of 0.54. PrimeEnergy Resources Co. has a 52 week low of $92.40 and a 52 week high of $243.49. The stock has a 50 day moving average price of $197.90 and a 200 day moving average price of $156.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Investors Weigh In On PrimeEnergy Resources

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in PrimeEnergy Resources during the third quarter worth $47,000. BNP Paribas Financial Markets increased its stake 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 last quarter. JPMorgan Chase & Co. increased its stake 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 worth $208,000 after purchasing an additional 823 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of PrimeEnergy Resources in the 2nd quarter valued at about $222,000. Finally, Safir Wealth Advisors LLC acquired a new stake in PrimeEnergy Resources in the 4th quarter valued at 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.