PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 1,568 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $100.15, for a total value of $157,035.20. Following the completion of the transaction, the director now directly owns 154,195 shares in the company, valued at approximately $15,442,629.25. The sale was disclosed in a document filed with the SEC, which is available at this link.

PrimeEnergy Resources Price Performance

Shares of PNRG opened at $98.55 on Tuesday. PrimeEnergy Resources Co. has a one year low of $80.63 and a one year high of $120.00. The company has a 50-day moving average of $99.43 and a two-hundred day moving average of $102.45. The stock has a market cap of $176.40 million, a price-to-earnings ratio of 9.16 and a beta of 0.51.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNRG. Lauer Wealth LLC purchased a new stake in shares of PrimeEnergy Resources in the fourth quarter valued at $300,000. Raymond James & Associates acquired a new position in PrimeEnergy Resources during the third quarter valued at $232,000. Barclays PLC lifted its stake in PrimeEnergy Resources by 258.4% in the 3rd quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 385 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in PrimeEnergy Resources by 21.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,060 shares of the oil and natural gas company’s stock valued at $703,000 after acquiring an additional 1,067 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in PrimeEnergy Resources by 11.9% during the third quarter. New York State Common Retirement Fund now owns 3,806 shares of the oil and natural gas company’s stock valued at $441,000 after purchasing an additional 406 shares in the last quarter.

About PrimeEnergy Resources

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations.