Ameriprise Financial Inc. Takes $530,000 Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Ameriprise Financial Inc. acquired a new position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,412 shares of the oil and natural gas company's stock, valued at approximately $530,000. Ameriprise Financial Inc. owned approximately 0.14% of PrimeEnergy Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PNRG. Wells Fargo & Company MN raised its position in shares of PrimeEnergy Resources by 23.5% during the 4th 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. Great Lakes Advisors LLC acquired a new stake in PrimeEnergy Resources in the 4th quarter valued at about $203,000. Bank of New York Mellon Corp acquired a new position in PrimeEnergy Resources in the 4th quarter valued at about $246,000. Biondo Investment Advisors LLC acquired a new position in PrimeEnergy Resources in the fourth quarter valued at $307,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of PrimeEnergy Resources by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the oil and natural gas company's stock valued at $578,000 after purchasing an additional 1,120 shares during the last quarter.

PrimeEnergy Resources Stock Up 0.9%

NASDAQ:PNRG traded up $1.33 during mid-day trading on Friday, hitting $145.60. The company had a trading volume of 78,417 shares, compared to its average volume of 30,090. The business has a fifty day simple moving average of $182.53 and a 200-day simple moving average of $196.58. The firm has a market capitalization of $241.84 million, a price-to-earnings ratio of 6.28 and a beta of 0.25. PrimeEnergy Resources Co. has a 1 year low of $103.51 and a 1 year high of $243.49. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

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 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%. The firm had revenue of $50.06 million for the quarter.

Insider Buying and Selling at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 4,389 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $188.01, for a total transaction of $825,175.89. Following the completion of the sale, the insider now owns 232,524 shares in the company, valued at approximately $43,716,837.24. This represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.