Rothschild Robert De Sells 2,716 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,716 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $132.93, for a total value of $361,037.88. Following the sale, the insider now directly owns 266,768 shares of the company’s stock, valued at $35,461,470.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Friday, September 13th, Rothschild Robert De sold 2,976 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $134.00, for a total value of $398,784.00.
• On Monday, September 9th, Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $127.00, for a total value of $173,990.00.
• On Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $132.00, for a total value of $119,328.00.
• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $130.27, for a total value of $222,501.16.

PrimeEnergy Resources Trading Up 3.9 %

NASDAQ PNRG opened at $139.22 on Thursday. The business’s 50 day moving average is $122.20 and its two-hundred day moving average is $110.51. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $140.93. The stock has a market capitalization of $248.51 million, a price-to-earnings ratio of 9.51 and a beta of 0.55.

PrimeEnergy Resources (NASDAQ:PNRG) last released its 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 return on equity of 28.34% and a net margin of 26.67%. The company had revenue of $64.83 million for the quarter.

Institutional Investors Weigh In On PrimeEnergy Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources in the 2nd quarter worth approximately $222,000. IFG Advisory LLC acquired a new stake in shares of PrimeEnergy Resources in the 2nd quarter worth approximately $532,000. Janney Montgomery Scott LLC grew its holdings in shares of PrimeEnergy Resources by 17.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after acquiring an additional 1,033 shares during the period. Vanguard Group Inc. grew its holdings in shares of PrimeEnergy Resources by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock worth $3,102,000 after acquiring an additional 366 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after acquiring an additional 1,045 shares during the period.

PrimeEnergy Resources Company 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.