PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $330,429.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 1,767 shares of the firm'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 sale, the insider now owns 230,757 shares in the company, valued at approximately $43,151,559. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Tuesday, June 3rd, Rothschild Robert De sold 4,389 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $188.01, for a total transaction of $825,175.89.

PrimeEnergy Resources Stock Up 5.0%

Shares of NASDAQ:PNRG traded up $7.26 during midday trading on Monday, reaching $151.26. 277,547 shares of the company were exchanged, compared to its average volume of 17,728. PrimeEnergy Resources Co. has a fifty-two week low of $103.51 and a fifty-two week high of $243.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $179.48 and a two-hundred day simple moving average of $195.79. The firm has a market cap of $251.24 million, a PE ratio of 6.50 and a beta of 0.24.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in shares of PrimeEnergy Resources by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company's stock valued at $93,000 after acquiring an additional 81 shares during the period. MetLife Investment Management LLC bought a new position in shares of PrimeEnergy Resources in the 1st quarter valued at about $93,000. Great Lakes Advisors LLC bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at about $203,000. Nuveen Asset Management LLC bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at about $207,000. Finally, Ellevest Inc. bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at about $241,000.

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.