2,150 Shares in PrimeEnergy Resources Co. (NASDAQ:PNRG) Bought by Ethic Inc.

Ethic Inc. acquired a new stake in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of PrimeEnergy Resources by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company's stock valued at $93,000 after buying an additional 81 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the fourth quarter valued at approximately $203,000. JPMorgan Chase & Co. boosted its stake in shares of PrimeEnergy Resources by 119.4% in 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 purchasing an additional 823 shares during the period. Bank of New York Mellon Corp acquired a new stake in PrimeEnergy Resources during the 4th quarter valued at $246,000. Finally, Safir Wealth Advisors LLC purchased a new stake in PrimeEnergy Resources during the 4th quarter worth $273,000.

PrimeEnergy Resources Stock Down 0.3%

PNRG stock traded down $0.51 during trading on Wednesday, reaching $187.50. The stock had a trading volume of 6,901 shares, compared to its average volume of 10,525. The firm has a fifty day moving average price of $190.51 and a 200 day moving average price of $196.43. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $313.69 million, a P/E ratio of 7.98 and a beta of 0.25. PrimeEnergy Resources Co. has a 1-year low of $100.22 and a 1-year high of $243.49.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The oil and natural gas company reported $3.72 earnings per share for the quarter. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%. The firm had revenue of $50.06 million during the quarter.

Insider Transactions at PrimeEnergy Resources

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 cost of $195.29 per share, with a total value of $198,609.93. Following the acquisition, the insider now directly owns 236,913 shares in the company, valued at approximately $46,266,739.77. The trade was a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 61.07% of the company's stock.

About PrimeEnergy Resources

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.