Geode Capital Management LLC Acquires 935 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Geode Capital Management LLC raised its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,639 shares of the oil and natural gas company’s stock after acquiring an additional 935 shares during the quarter. Geode Capital Management LLC owned approximately 0.89% of PrimeEnergy Resources worth $2,155,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in PrimeEnergy Resources during the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets boosted its position in PrimeEnergy Resources by 489.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock valued at $171,000 after acquiring an additional 1,028 shares in the last quarter. Victory Capital Management Inc. bought a new stake in PrimeEnergy Resources during the 2nd quarter valued at approximately $222,000. Farther Finance Advisors LLC bought a new stake in PrimeEnergy Resources during the 3rd quarter valued at approximately $276,000. Finally, Barclays PLC boosted its position in PrimeEnergy Resources by 31.9% during the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after acquiring an additional 636 shares in the last quarter.

Insider Buying and Selling at PrimeEnergy Resources

In other news, Director Clint Hurt sold 2,118 shares of PrimeEnergy Resources stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $220.66, for a total transaction of $467,357.88. Following the completion of the transaction, the director now directly owns 135,776 shares in the company, valued at approximately $29,960,332.16. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Stock Performance

PrimeEnergy Resources stock opened at $203.20 on Wednesday. The stock’s 50 day simple moving average is $193.48 and its two-hundred day simple moving average is $153.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $348.89 million, a price-to-earnings ratio of 8.74 and a beta of 0.54. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49.

PrimeEnergy Resources 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.