PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $233,387.73 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 997 shares of PrimeEnergy Resources stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $234.09, for a total transaction of $233,387.73. Following the sale, the director now owns 139,766 shares of the company’s stock, valued at approximately $32,717,822.94. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

PrimeEnergy Resources Stock Performance

NASDAQ:PNRG traded down $13.69 during mid-day trading on Thursday, hitting $205.90. The company’s stock had a trading volume of 15,911 shares, compared to its average volume of 4,315. The business’s fifty day moving average is $190.13 and its two-hundred day moving average is $149.83. The stock has a market cap of $353.53 million, a price-to-earnings ratio of 8.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. PrimeEnergy Resources Co. has a 1 year low of $92.40 and a 1 year high of $243.49.

Institutional Trading of PrimeEnergy Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of PrimeEnergy Resources in the third quarter worth about $47,000. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $171,000 after purchasing an additional 1,028 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in PrimeEnergy Resources by 119.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after purchasing an additional 823 shares during the period. Victory Capital Management Inc. purchased a new position in PrimeEnergy Resources during the second quarter worth approximately $222,000. Finally, Farther Finance Advisors LLC acquired a new stake in PrimeEnergy Resources in the third quarter valued at approximately $276,000.

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.