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

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 3,446 shares of the stock in a transaction on Monday, January 13th. The stock was 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 owns 263,322 shares of the company’s stock, valued at $54,086,338.80. The trade was a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG traded down $0.46 during mid-day trading on Wednesday, reaching $212.79. The company’s stock had a trading volume of 17,800 shares, compared to its average volume of 11,989. 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 52 week low of $92.40 and a 52 week high of $243.49. The stock has a fifty day moving average of $197.90 and a two-hundred day moving average of $156.54. The firm has a market capitalization of $365.36 million, a PE ratio of 9.15 and a beta of 0.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in PrimeEnergy Resources during the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets boosted its position in shares of PrimeEnergy Resources by 489.5% during the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after acquiring an additional 1,028 shares during the last quarter. Safir Wealth Advisors LLC purchased a new position in PrimeEnergy Resources during the fourth quarter valued at $273,000. JPMorgan Chase & Co. grew its stake in PrimeEnergy Resources by 119.4% during the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after acquiring an additional 823 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in PrimeEnergy Resources in the 3rd quarter valued at $276,000.

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.