Rothschild Robert De Sells 1,767 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,767 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $187.00, for a total transaction of $330,429.00. Following the transaction, the insider now directly owns 230,757 shares in the company, valued at $43,151,559. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Tuesday, June 3rd, Rothschild Robert De sold 4,389 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $188.01, for a total transaction of $825,175.89.

PrimeEnergy Resources Stock Down 0.2%

Shares of PNRG opened at $144.00 on Friday. PrimeEnergy Resources Co. has a 12 month low of $103.51 and a 12 month high of $243.49. The firm’s 50 day moving average is $180.96 and its 200-day moving average is $196.21. The stock has a market capitalization of $239.18 million, a PE ratio of 6.19 and a beta of 0.24. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 EPS for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%. The company had revenue of $50.06 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new position in PrimeEnergy Resources in the first quarter valued at approximately $93,000. Wells Fargo & Company MN increased its stake in PrimeEnergy Resources by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after acquiring an additional 81 shares during the last quarter. Great Lakes Advisors LLC bought a new position in PrimeEnergy Resources in the fourth quarter valued at approximately $203,000. Nuveen Asset Management LLC bought a new position in PrimeEnergy Resources in the fourth quarter valued at approximately $207,000. Finally, Ellevest Inc. bought a new position in PrimeEnergy Resources in the fourth quarter valued at approximately $241,000.

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.