Janney Montgomery Scott LLC Increases Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Janney Montgomery Scott LLC raised its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,196 shares of the oil and natural gas company’s stock after acquiring an additional 247 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.46% of PrimeEnergy Resources worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PNRG. IFG Advisory LLC acquired a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth about $532,000. Victory Capital Management Inc. purchased a new stake in shares of PrimeEnergy Resources during the second quarter valued at approximately $222,000. Farther Finance Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the third quarter valued at approximately $276,000. Dimensional Fund Advisors LP increased its stake in shares of PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after buying an additional 1,045 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of PrimeEnergy Resources by 1.2% in the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock worth $3,102,000 after buying an additional 366 shares during the last quarter.

PrimeEnergy Resources Price Performance

PrimeEnergy Resources stock opened at $201.70 on Friday. The company has a market cap of $352.98 million, a PE ratio of 10.85 and a beta of 0.50. The company has a fifty day moving average price of $157.42 and a two-hundred day moving average price of $128.66. PrimeEnergy Resources Co. has a 12 month low of $92.40 and a 12 month high of $203.03.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a return on equity of 28.34%. The company had revenue of $64.83 million during the quarter.

Insider Activity

In related news, major shareholder Rothschild Robert De sold 1,708 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $130.27, for a total value of $222,501.16. Following the completion of the sale, the insider now owns 275,060 shares of the company’s stock, valued at $35,832,066.20. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 9,674 shares of company stock valued at $1,275,641. 61.07% of the stock is currently owned by company 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.