Ethic Inc. Buys Shares of 2,150 PrimeEnergy Resources Co. (NASDAQ:PNRG)

Ethic Inc. purchased a new stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,150 shares of the oil and natural gas company's stock, valued at approximately $472,000. Ethic Inc. owned 0.13% of PrimeEnergy Resources as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of PrimeEnergy Resources by 185.7% in the fourth quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company's stock worth $1,780,000 after acquiring an additional 5,270 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of PrimeEnergy Resources in the fourth quarter worth $815,000. Bank of New York Mellon Corp acquired a new position in shares of PrimeEnergy Resources in the fourth quarter worth $246,000. Barclays PLC grew its stake in shares of PrimeEnergy Resources by 31.9% in the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock worth $362,000 after acquiring an additional 636 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of PrimeEnergy Resources by 363.6% in the fourth quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company's stock worth $1,596,000 after acquiring an additional 5,702 shares in the last quarter.

PrimeEnergy Resources Stock Down 1.4%

Shares of NASDAQ:PNRG traded down $2.58 during trading on Monday, hitting $182.93. The company's stock had a trading volume of 46,134 shares, compared to its average volume of 10,281. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The business has a 50 day moving average price of $191.11 and a two-hundred day moving average price of $196.35. The company has a market capitalization of $306.04 million, a PE ratio of 7.86 and a beta of 0.25. PrimeEnergy Resources Co. has a fifty-two week low of $100.22 and a fifty-two week high of $243.49.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last issued its earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 EPS for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.

Insider Buying and Selling

In related news, major shareholder Rothschild Robert De acquired 1,017 shares of the firm's stock in a transaction on Friday, February 21st. The stock was bought at an average price of $195.29 per share, for a total transaction of $198,609.93. Following the completion of the purchase, the insider now directly owns 236,913 shares of the company's stock, valued at approximately $46,266,739.77. The trade was a 0.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 61.07% of the company's stock.

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.