PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,606 shares of the oil and natural gas company’s stock after selling 100 shares during the period. New York State Common Retirement Fund owned 0.09% of PrimeEnergy Resources worth $353,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of PrimeEnergy Resources by 185.7% during the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock valued at $1,780,000 after buying an additional 5,270 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in PrimeEnergy Resources during the 3rd quarter worth about $276,000. Safir Wealth Advisors LLC purchased a new position in PrimeEnergy Resources during the 4th quarter valued at about $273,000. BNP Paribas Financial Markets grew its stake 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. Finally, Geode Capital Management LLC increased its holdings in shares of PrimeEnergy Resources by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after purchasing an additional 935 shares during the period.

PrimeEnergy Resources Stock Performance

PNRG stock opened at $188.62 on Wednesday. The firm has a 50 day simple moving average of $207.49 and a 200 day simple moving average of $179.20. PrimeEnergy Resources Co. has a 52 week low of $96.02 and a 52 week high of $243.49. The stock has a market cap of $323.86 million, a P/E ratio of 8.11 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Insiders Place Their Bets

In other news, major shareholder Rothschild Robert De bought 1,017 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $195.29 per share, with a total value of $198,609.93. Following the transaction, the insider now directly owns 236,913 shares in the company, valued at approximately $46,266,739.77. This trade represents a 0.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Hurt sold 4,894 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total value of $1,053,286.68. Following the sale, the director now directly owns 126,680 shares of the company’s stock, valued at $27,264,069.60. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,896 shares of company stock worth $6,957,496 in the last quarter. 61.07% of the stock is currently owned by corporate insiders.

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.