Ritholtz Wealth Management Invests $841,000 in PrimeEnergy Corporation (NASDAQ:PNRG)

Ritholtz Wealth Management purchased a new stake in shares of PrimeEnergy Corporation (NASDAQ:PNRG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,689 shares of the oil and natural gas company's stock, valued at approximately $841,000. Ritholtz Wealth Management owned approximately 0.21% of PrimeEnergy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of PrimeEnergy by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company's stock valued at $7,865,000 after acquiring an additional 2,753 shares in the last quarter. Invesco Ltd. bought a new stake in shares of PrimeEnergy during the fourth quarter valued at approximately $6,322,000. Bridgeway Capital Management LLC raised its stake in shares of PrimeEnergy by 73.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 12,449 shares of the oil and natural gas company's stock valued at $2,734,000 after acquiring an additional 5,270 shares in the last quarter. Northern Trust Corp raised its stake in shares of PrimeEnergy by 4.7% during the fourth quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company's stock valued at $2,289,000 after acquiring an additional 464 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in PrimeEnergy 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 buying an additional 5,702 shares in the last quarter.

PrimeEnergy Stock Up 3.8%

NASDAQ:PNRG traded up $5.63 during trading hours on Friday, reaching $153.31. The company's stock had a trading volume of 185,393 shares, compared to its average volume of 21,432. The company has a market capitalization of $254.49 million, a P/E ratio of 7.19 and a beta of 0.24. PrimeEnergy Corporation has a 12 month low of $104.62 and a 12 month high of $243.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50 day moving average price of $171.17 and a two-hundred day moving average price of $192.34.

PrimeEnergy (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The oil and natural gas company reported $3.72 EPS for the quarter. The company had revenue of $50.06 million during the quarter. PrimeEnergy had a net margin of 21.73% and a return on equity of 26.67%.

Insider Buying and Selling

In other news, major shareholder Rothschild Robert De sold 1,767 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $187.00, for a total transaction of $330,429.00. Following the transaction, the insider now directly owns 230,757 shares of the company's stock, valued at approximately $43,151,559. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 62.77% of the stock is currently owned by insiders.

PrimeEnergy 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.