By otakuyassine3@gmail.com 
PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report) major shareholder Rothschild Robert De sold 1,615 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $202.15, for a total transaction of $326,472.25. Following the completion of the sale, the insider now directly owns 249,528 shares in the company, valued at approximately $50,442,085.20. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Rothschild Robert De also recently made the following trade(s):
- On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.18, for a total value of $108,235.54.
- On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $212.00, for a total value of $99,852.00.
- On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $219.72, for a total value of $724,416.84.
- On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $213.69, for a total value of $391,266.39.
- On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $215.03, for a total transaction of $496,934.33.
- On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $205.40, for a total transaction of $707,808.40.
PrimeEnergy Resources Price Performance
PrimeEnergy Resources stock traded down $9.37 during trading hours on Friday, hitting $197.12. 17,781 shares of the stock were exchanged, compared to its average volume of 20,019. The stock has a market capitalization of $339.05 million, a P/E ratio of 8.47 and a beta of 0.54. The business’s 50-day moving average is $205.42 and its two-hundred day moving average is $168.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. PrimeEnergy Resources Co. has a 12 month low of $93.52 and a 12 month high of $243.49.
Institutional Investors Weigh In On PrimeEnergy Resources
A number of large investors have recently bought and sold shares of PNRG. State Street Corp lifted its position in shares of PrimeEnergy Resources by 1.4% during the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after purchasing an additional 100 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in PrimeEnergy Resources by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after buying an additional 247 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources in the 3rd quarter valued at $47,000. Barclays PLC increased its stake in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after buying an additional 636 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of PrimeEnergy Resources by 119.4% during the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock worth $208,000 after acquiring an additional 823 shares during the last quarter.
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.
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