PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 904 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 904 shares of the business’s stock in a transaction 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 sale, the insider now owns 273,930 shares in the company, valued at approximately $36,158,760. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $130.27, for a total transaction of $222,501.16.

PrimeEnergy Resources Trading Up 2.0 %

PNRG traded up $2.50 during midday trading on Monday, reaching $126.95. The company’s stock had a trading volume of 7,691 shares, compared to its average volume of 2,619. The stock’s 50-day moving average is $119.17 and its 200-day moving average is $109.07. PrimeEnergy Resources Co. has a 1 year low of $92.40 and a 1 year high of $138.00. The firm has a market capitalization of $222.16 million, a price-to-earnings ratio of 8.67 and a beta of 0.55.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its quarterly earnings results 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 return on equity of 28.34% and a net margin of 26.67%.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently modified their holdings of the stock. IFG Advisory LLC bought a new stake in shares of PrimeEnergy Resources during the second quarter valued at approximately $532,000. Victory Capital Management Inc. purchased a new stake in PrimeEnergy Resources during the 2nd quarter valued at $222,000. Dimensional Fund Advisors LP increased its holdings in shares of PrimeEnergy Resources by 3.7% in 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of PrimeEnergy Resources by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after purchasing an additional 1,033 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of PrimeEnergy Resources by 10.5% during the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock valued at $447,000 after purchasing an additional 400 shares in the last quarter.

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.