JPMorgan Chase & Co. Boosts Stock Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

JPMorgan Chase & Co. raised its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 119.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,512 shares of the oil and natural gas company’s stock after buying an additional 823 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of PrimeEnergy Resources worth $208,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its stake in PrimeEnergy Resources by 31.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of PrimeEnergy Resources by 6.4% during the third 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 buying an additional 935 shares during the last quarter. State Street Corp increased its position in shares of PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock valued at $1,026,000 after acquiring an additional 100 shares during the period. BNP Paribas Financial Markets raised its stake in PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in PrimeEnergy Resources by 41.2% during the 3rd quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock worth $391,000 after acquiring an additional 828 shares during the period.

Insider Transactions at PrimeEnergy Resources

In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $215.03, for a total transaction of $496,934.33. Following the transaction, the insider now directly owns 259,011 shares of the company’s stock, valued at $55,695,135.33. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clint Hurt sold 2,118 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $220.66, for a total value of $467,357.88. Following the completion of the transaction, the director now owns 135,776 shares of the company’s stock, valued at $29,960,332.16. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,799 shares of company stock valued at $4,251,381 over the last ninety days. Insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Stock Performance

PNRG opened at $217.90 on Friday. The firm has a 50 day moving average of $204.96 and a two-hundred day moving average of $165.61. The firm has a market capitalization of $374.79 million, a PE ratio of 9.37 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49.

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.