PrimeEnergy Resources Co. (NASDAQ:PNRG) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 185.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,108 shares of the oil and natural gas company’s stock after buying an additional 5,270 shares during the quarter. Empowered Funds LLC owned about 0.47% of PrimeEnergy Resources worth $1,780,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources in the third quarter valued at $47,000. BNP Paribas Financial Markets lifted its holdings in shares of PrimeEnergy Resources by 489.5% in the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock valued at $171,000 after buying an additional 1,028 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PrimeEnergy Resources by 119.4% in 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 buying an additional 823 shares during the period. Safir Wealth Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter valued at $273,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the third quarter valued at $276,000.

PrimeEnergy Resources Trading Down 0.3 %

Shares of PrimeEnergy Resources stock opened at $194.18 on Friday. PrimeEnergy Resources Co. has a fifty-two week low of $96.02 and a fifty-two week high of $243.49. The firm has a market cap of $333.99 million, a price-to-earnings ratio of 8.35 and a beta of 0.54. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $204.92 and a 200-day simple moving average of $171.90.

Insider Activity

In other news, major shareholder Rothschild Robert De sold 3,446 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $205.40, for a total transaction of $707,808.40. Following the completion of the sale, the insider now directly owns 263,322 shares of the company’s stock, valued at $54,086,338.80. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clint Hurt sold 997 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $234.09, for a total value of $233,387.73. Following the completion of the sale, the director now directly owns 139,766 shares of the company’s stock, valued at approximately $32,717,822.94. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,992 shares of company stock valued at $6,171,699 over the last three months. Insiders own 61.07% of the company’s stock.

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.