Allspring Global Investments Holdings LLC Takes Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Allspring Global Investments Holdings LLC purchased a new stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 338 shares of the oil and natural gas company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of PrimeEnergy Resources during the second quarter valued at about $222,000. IFG Advisory LLC bought a new position in shares of PrimeEnergy Resources in the second quarter worth approximately $532,000. Janney Montgomery Scott LLC increased its position in shares of PrimeEnergy Resources by 8.6% in the first quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company’s stock worth $772,000 after purchasing an additional 608 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PrimeEnergy Resources by 1.2% in the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock worth $3,102,000 after purchasing an additional 366 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after purchasing an additional 1,045 shares during the last quarter.

Insider Buying and Selling

In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 904 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $132.00, for a total transaction of $119,328.00. Following the transaction, the insider now directly owns 273,930 shares in the company, valued at $36,158,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 9,674 shares of company stock worth $1,275,641. Insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Trading Down 0.1 %

PNRG stock opened at $163.00 on Tuesday. The company’s 50 day moving average is $147.52 and its 200 day moving average is $123.42. The stock has a market cap of $285.25 million, a price-to-earnings ratio of 8.77 and a beta of 0.50. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $174.98.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share for the quarter. The company had revenue of $64.83 million for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a return on equity of 28.34%.

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.