Centiva Capital LP Takes Position in PrimeEnergy Corporation $PNRG

Centiva Capital LP bought a new position in PrimeEnergy Corporation (NASDAQ:PNRG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,131 shares of the oil and natural gas company’s stock, valued at approximately $523,000.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in PrimeEnergy by 286.2% during the first quarter. AQR Capital Management LLC now owns 6,897 shares of the oil and natural gas company’s stock valued at $1,572,000 after buying an additional 5,111 shares during the last quarter. Empowered Funds LLC grew its holdings in PrimeEnergy by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,649 shares of the oil and natural gas company’s stock valued at $1,971,000 after buying an additional 541 shares in the last quarter. Wittenberg Investment Management Inc. bought a new stake in PrimeEnergy in the 2nd quarter worth approximately $439,000. Magnetar Financial LLC bought a new stake in PrimeEnergy in the 2nd quarter worth approximately $298,000. Finally, Rhumbline Advisers raised its holdings in shares of PrimeEnergy by 99.3% during the 2nd quarter. Rhumbline Advisers now owns 1,373 shares of the oil and natural gas company’s stock worth $201,000 after acquiring an additional 684 shares in the last quarter.

PrimeEnergy Trading Down 3.0%

Shares of NASDAQ:PNRG opened at $205.66 on Monday. The company has a market cap of $335.23 million, a price-to-earnings ratio of 19.68 and a beta of -0.08. PrimeEnergy Corporation has a 12 month low of $126.40 and a 12 month high of $238.20. The company has a 50-day moving average price of $184.34 and a 200 day moving average price of $169.87.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of PrimeEnergy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of PrimeEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Buying and Selling

In other news, major shareholder Rothschild Robert De sold 1,149 shares of PrimeEnergy stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $186.75, for a total value of $214,575.75. Following the completion of the transaction, the insider owned 200,757 shares in the company, valued at approximately $37,491,369.75. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Clint Hurt sold 8,936 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $191.58, for a total value of $1,711,958.88. Following the transaction, the director directly owned 105,763 shares in the company, valued at approximately $20,262,075.54. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,000 shares of company stock worth $7,427,626. Company insiders own 62.77% of the company’s stock.

PrimeEnergy 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. 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.