PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 3,368 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,368 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $100.01, for a total transaction of $336,833.68. Following the completion of the transaction, the director now directly owns 147,827 shares in the company, valued at approximately $14,784,178.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clint Hurt also recently made the following trade(s):

• On Wednesday, April 24th, Clint Hurt sold 874 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $100.00, for a total transaction of $87,400.00.
• On Thursday, April 18th, Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $100.15, for a total transaction of $157,035.20.

PrimeEnergy Resources Stock Performance

PrimeEnergy Resources stock opened at $101.97 on Friday. The stock has a market cap of $182.53 million, a P/E ratio of 9.48 and a beta of 0.51. PrimeEnergy Resources Co. has a fifty-two week low of $80.63 and a fifty-two week high of $120.00. The firm’s fifty day moving average price is $99.80 and its 200-day moving average price is $102.35.

PrimeEnergy Resources (NASDAQ:PNRG) last released its earnings results on Monday, April 15th. The oil and natural gas company reported $2.28 EPS for the quarter. The business had revenue of $35.51 million for the quarter. PrimeEnergy Resources had a return on equity of 18.66% and a net margin of 22.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PNRG. Barclays PLC increased its stake in PrimeEnergy Resources by 258.4% in the third quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 385 shares during the last quarter. Raymond James & Associates bought a new position in PrimeEnergy Resources in the third quarter valued at $232,000. Bank of New York Mellon Corp bought a new position in PrimeEnergy Resources in the third quarter valued at $241,000. Lauer Wealth LLC bought a new position in PrimeEnergy Resources in the fourth quarter valued at $300,000. Finally, Strs Ohio increased its stake in PrimeEnergy Resources by 5.9% in the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after acquiring an additional 200 shares during the last quarter.

PrimeEnergy Resources Company Profile

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations.