3,689 Shares in PrimeEnergy Corporation (NASDAQ:PNRG) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new stake in PrimeEnergy Corporation (NASDAQ:PNRG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,689 shares of the oil and natural gas company's stock, valued at approximately $841,000. Ritholtz Wealth Management owned 0.21% of PrimeEnergy at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of PrimeEnergy 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 during the last quarter. Great Lakes Advisors LLC bought a new position in shares of PrimeEnergy during the fourth quarter worth about $203,000. Nuveen Asset Management LLC bought a new position in shares of PrimeEnergy during the fourth quarter worth about $207,000. Ellevest Inc. bought a new position in shares of PrimeEnergy during the fourth quarter worth about $241,000. Finally, Bank of New York Mellon Corp bought a new position in shares of PrimeEnergy during the fourth quarter worth about $246,000.

Insider Buying and Selling

In related news, major shareholder Rothschild Robert De sold 1,767 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 230,757 shares of the company's stock, valued at $43,151,559. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 62.77% of the stock is currently owned by insiders.

PrimeEnergy Trading Down 1.4%

Shares of PNRG traded down $2.11 during mid-day trading on Thursday, reaching $147.68. 109,697 shares of the company were exchanged, compared to its average volume of 20,623. PrimeEnergy Corporation has a 52 week low of $104.62 and a 52 week 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 market capitalization of $245.15 million, a PE ratio of 6.93 and a beta of 0.24. The business has a 50 day simple moving average of $172.68 and a two-hundred day simple moving average of $193.16.

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 earnings per share (EPS) for the quarter. PrimeEnergy had a return on equity of 26.67% and a net margin of 21.73%. The company had revenue of $50.06 million during the quarter.

PrimeEnergy 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.