Invesco Ltd. Acquires Shares of 28,790 PrimeEnergy Resources Co. (NASDAQ:PNRG)

Invesco Ltd. purchased a new stake in PrimeEnergy Resources Co. (NASDAQ:PNRG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 28,790 shares of the oil and natural gas company's stock, valued at approximately $6,322,000. Invesco Ltd. owned 1.67% of PrimeEnergy Resources at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PNRG. Empowered Funds LLC lifted its stake in 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 valued at $1,780,000 after buying an additional 5,270 shares in the last quarter. Barclays PLC boosted its stake in PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock worth $362,000 after purchasing an additional 636 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in PrimeEnergy Resources during the 4th quarter worth about $815,000. Bank of New York Mellon Corp bought a new position in PrimeEnergy Resources during the 4th quarter worth about $246,000. Finally, State Street Corp raised its stake in shares of PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock valued at $1,026,000 after purchasing an additional 100 shares during the period.

PrimeEnergy Resources Stock Up 1.8 %

Shares of PNRG stock traded up $3.04 on Thursday, hitting $172.91. 794 shares of the stock were exchanged, compared to its average volume of 9,504. The business has a 50-day moving average of $195.40 and a 200 day moving average of $195.19. PrimeEnergy Resources Co. has a fifty-two week low of $99.07 and a fifty-two week high of $243.49. The firm has a market capitalization of $289.29 million, a P/E ratio of 7.48 and a beta of 0.04. 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 quarterly earnings results on Tuesday, April 15th. The oil and natural gas company reported $1.02 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 $60.53 million for the quarter.

Insider Activity

In related news, major shareholder Rothschild Robert De sold 3,297 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $219.72, for a total transaction of $724,416.84. Following the sale, the insider now owns 253,471 shares in the company, valued at $55,692,648.12. This represents a 1.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 13,097 shares of company stock valued at $2,706,115. 61.07% of the stock is owned by company insiders.

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.