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 value of $825,175.89. Following the completion of the sale, the insider now directly owns 232,524 shares in the company, valued at approximately $43,716,837.24. This represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% 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 Wednesday, June 4th, Rothschild Robert De sold 1,767 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $187.00, for a total value of $330,429.00.

PrimeEnergy Resources Trading Down 14.4%

Shares of PrimeEnergy Resources stock opened at $144.27 on Friday. PrimeEnergy Resources Co. has a 12-month low of $103.51 and a 12-month 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 business's 50 day moving average is $182.53 and its 200-day moving average is $196.58. The stock has a market cap of $239.63 million, a P/E ratio of 6.20 and a beta of 0.25.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last announced its earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 EPS 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 added to or reduced their stakes in the company. Invesco Ltd. bought a new position in shares of PrimeEnergy Resources in the 4th quarter valued at $6,322,000. American Century Companies Inc. grew its position 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 acquiring an additional 8,607 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in PrimeEnergy Resources 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 worth $2,734,000 after acquiring an additional 5,270 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 worth $1,780,000 after acquiring an additional 5,270 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of PrimeEnergy Resources by 286.2% in the 1st quarter. AQR Capital Management LLC now owns 6,897 shares of the oil and natural gas company's stock valued at $1,572,000 after purchasing an additional 5,111 shares in the last quarter.

About PrimeEnergy Resources

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.

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