Wedbush Securities Inc. Has $337,000 Stock Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Wedbush Securities Inc. reduced its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,533 shares of the oil and natural gas company’s stock after selling 291 shares during the quarter. Wedbush Securities Inc. owned 0.09% of PrimeEnergy Resources worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of PrimeEnergy Resources by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after acquiring an additional 935 shares during the period. Empowered Funds LLC grew its position in shares of PrimeEnergy Resources by 185.7% during the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock valued at $1,780,000 after acquiring an additional 5,270 shares during the period. State Street Corp boosted its holdings in 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 buying an additional 100 shares during the period. American Century Companies Inc. boosted its holdings in PrimeEnergy Resources by 363.6% in the 4th quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company’s stock worth $1,596,000 after buying an additional 5,702 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in PrimeEnergy Resources in the 4th quarter worth approximately $815,000.

PrimeEnergy Resources Stock Performance

NASDAQ PNRG opened at $206.58 on Thursday. PrimeEnergy Resources Co. has a 1 year low of $98.55 and a 1 year 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. The stock has a market capitalization of $354.70 million, a PE ratio of 8.88 and a beta of 0.04. The company’s 50 day simple moving average is $202.85 and its two-hundred day simple moving average is $192.73.

Insider Activity

In other PrimeEnergy Resources news, Director Clint Hurt sold 4,894 shares of the firm’s stock in a transaction 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 sale, the director now owns 126,680 shares of the company’s stock, valued at $27,264,069.60. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Rothschild Robert De sold 471 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $212.00, for a total transaction of $99,852.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 29,781 shares of company stock worth $6,256,751. 61.07% of the stock is currently owned by corporate insiders.

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.