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

Empowered Funds LLC increased its stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 41.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,838 shares of the oil and natural gas company’s stock after purchasing an additional 828 shares during the period. Empowered Funds LLC owned 0.16% of PrimeEnergy Resources worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in PNRG. Vanguard Group Inc. increased its holdings 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 valued at $3,102,000 after purchasing an additional 366 shares during the last quarter. IFG Advisory LLC acquired a new stake in PrimeEnergy Resources in the 2nd quarter valued at about $532,000. Victory Capital Management Inc. purchased a new position in PrimeEnergy Resources in the second quarter worth approximately $222,000. Dimensional Fund Advisors LP lifted its position in shares of PrimeEnergy Resources by 3.7% during 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 purchasing an additional 1,045 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in PrimeEnergy Resources during the 3rd quarter worth about $47,000.

Insider Activity

In related news, major shareholder Rothschild Robert De sold 2,716 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $132.93, for a total transaction of $361,037.88. Following the transaction, the insider now owns 266,768 shares of the company’s stock, valued at $35,461,470.24. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 7,966 shares of company stock valued at $1,053,140. Insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Stock Performance

Shares of PrimeEnergy Resources stock opened at $203.90 on Tuesday. The firm’s 50 day moving average is $165.70 and its two-hundred day moving average is $133.07. PrimeEnergy Resources Co. has a 52 week low of $92.40 and a 52 week high of $207.80. 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 firm has a market capitalization of $350.71 million, a P/E ratio of 8.77 and a beta of 0.50.

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.