Janney Montgomery Scott LLC Reduces Holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Janney Montgomery Scott LLC lessened its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,103 shares of the oil and natural gas company’s stock after selling 93 shares during the quarter. Janney Montgomery Scott LLC owned about 0.47% of PrimeEnergy Resources worth $1,779,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PNRG. Allspring Global Investments Holdings LLC purchased a new stake in PrimeEnergy Resources in the third quarter valued at $47,000. BNP Paribas Financial Markets increased its position in shares of PrimeEnergy Resources by 489.5% during 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 purchasing an additional 1,028 shares during the last quarter. Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources in the 4th quarter valued at about $273,000. JPMorgan Chase & Co. lifted its position in 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 valued at $208,000 after buying an additional 823 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in PrimeEnergy Resources during the third quarter worth about $276,000.

Insiders Place Their Bets

In other news, Director Clint Hurt sold 4,894 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $215.22, for a total transaction of $1,053,286.68. Following the sale, the director now owns 126,680 shares of the company’s stock, valued at approximately $27,264,069.60. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $215.03, for a total transaction of $496,934.33. Following the completion of the transaction, the insider now owns 259,011 shares of the company’s stock, valued at $55,695,135.33. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,799 shares of company stock worth $4,251,381 over the last ninety days. Corporate insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Price Performance

PrimeEnergy Resources stock opened at $217.90 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $374.13 million, a price-to-earnings ratio of 9.37 and a beta of 0.54. The company’s 50 day simple moving average is $204.96 and its 200-day simple moving average is $166.27. PrimeEnergy Resources Co. has a 1 year low of $92.40 and a 1 year 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.