PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells $825,175.89 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 4,389 shares of PrimeEnergy Resources stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $188.01, for a total transaction of $825,175.89. Following the sale, the insider now owns 232,524 shares in the company, valued at approximately $43,716,837.24. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 4th, Rothschild Robert De sold 1,767 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $187.00, for a total value of $330,429.00.

PrimeEnergy Resources Price Performance

Shares of NASDAQ PNRG traded up $7.26 during midday trading on Monday, reaching $151.26. 277,547 shares of the company traded hands, compared to its average volume of 17,728. The firm has a market cap of $251.24 million, a PE ratio of 6.50 and a beta of 0.24. PrimeEnergy Resources Co. has a 12 month low of $103.51 and a 12 month high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The stock's 50-day simple moving average is $179.48 and its 200-day simple moving average is $195.79.

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

Hedge Funds Weigh In On PrimeEnergy Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of PrimeEnergy Resources 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 worth $7,865,000 after purchasing an additional 2,753 shares in the last quarter. Invesco Ltd. lifted its holdings in PrimeEnergy Resources by 18.4% in the first quarter. Invesco Ltd. now owns 34,084 shares of the oil and natural gas company's stock valued at $7,767,000 after buying an additional 5,294 shares during the period. American Century Companies Inc. lifted its holdings in PrimeEnergy Resources by 118.4% in the first quarter. American Century Companies Inc. now owns 15,877 shares of the oil and natural gas company's stock valued at $3,618,000 after buying an additional 8,607 shares during the period. Bridgeway Capital Management LLC lifted its holdings in PrimeEnergy Resources by 4.3% in the first quarter. Bridgeway Capital Management LLC now owns 12,990 shares of the oil and natural gas company's stock valued at $2,960,000 after buying an additional 541 shares during the period. Finally, Northern Trust Corp lifted its holdings in PrimeEnergy Resources by 4.7% in 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 buying an additional 464 shares during the period.

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.