Rhumbline Advisers Sells 88 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Rhumbline Advisers cut its stake in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 795 shares of the oil and natural gas company’s stock after selling 88 shares during the period. Rhumbline Advisers’ holdings in PrimeEnergy Resources were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after purchasing an additional 100 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of PrimeEnergy Resources by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after purchasing an additional 247 shares during the last quarter. Barclays PLC grew its holdings in shares of PrimeEnergy Resources by 31.9% in the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock worth $362,000 after purchasing an additional 636 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $208,000 after purchasing an additional 823 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of PrimeEnergy Resources by 41.2% in the third quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock worth $391,000 after purchasing an additional 828 shares during the last quarter.

Insider Buying and Selling

In related news, Director Clint Hurt sold 4,894 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the sale, the director now directly owns 126,680 shares of the company’s stock, valued at $27,264,069.60. This represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Rothschild Robert De sold 2,311 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $215.03, for a total transaction of $496,934.33. Following the completion of the sale, the insider now directly owns 259,011 shares of the company’s stock, valued at approximately $55,695,135.33. This trade represents a 0.88 % 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 valued at $6,957,496 over the last three months. 61.07% of the stock is owned by company insiders.

PrimeEnergy Resources Trading Down 2.4 %

NASDAQ PNRG opened at $183.81 on Tuesday. The company’s 50-day moving average price is $204.98 and its 200-day moving average price is $180.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $315.60 million, a PE ratio of 7.90 and a beta of 0.51. PrimeEnergy Resources Co. has a 12 month low of $97.15 and a 12 month high of $243.49.

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.