EAM Investors LLC Reduces Stake in PrimeEnergy Resources Co. (NASDAQ:PNRG)

EAM Investors LLC lessened its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,394 shares of the oil and natural gas company's stock after selling 1,554 shares during the period. EAM Investors LLC owned 0.26% of PrimeEnergy Resources worth $965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in PrimeEnergy Resources by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company's stock worth $93,000 after acquiring an additional 81 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $171,000 after buying an additional 1,028 shares during the last quarter. Great Lakes Advisors LLC bought a new position in PrimeEnergy Resources during the 4th quarter valued at approximately $203,000. JPMorgan Chase & Co. raised its stake in 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 valued at $208,000 after buying an additional 823 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in PrimeEnergy Resources in the fourth quarter worth $246,000.

Insider Activity at PrimeEnergy Resources

In other news, Director Clint Hurt sold 4,894 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total transaction of $1,053,286.68. Following the transaction, the director now directly owns 126,680 shares of the company's stock, valued at $27,264,069.60. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $212.00, for a total value of $99,852.00. Following the completion of the sale, the insider now owns 253,000 shares of the company's stock, valued at $53,636,000. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,991 shares of company stock valued at $3,759,402 over the last 90 days. Corporate insiders own 61.07% of the company's stock.

PrimeEnergy Resources Stock Up 7.5 %

Shares of NASDAQ PNRG traded up $11.82 during trading on Tuesday, reaching $169.84. The company had a trading volume of 2,754 shares, compared to its average volume of 9,139. The business's 50-day moving average is $198.31 and its 200 day moving average is $194.80. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $291.62 million, a PE ratio of 7.30 and a beta of 0.04. PrimeEnergy Resources Co. has a 12-month low of $98.55 and a 12-month high of $243.49.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The oil and natural gas company reported $1.02 earnings per share for the quarter. The business had revenue of $60.53 million during the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.

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.