Rothschild Robert De Sells 2,716 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,716 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $132.93, for a total value of $361,037.88. Following the completion of the transaction, the insider now directly owns 266,768 shares in the company, valued at $35,461,470.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large 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 Friday, September 13th, Rothschild Robert De sold 2,976 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $134.00, for a total value of $398,784.00.
• On Monday, September 9th, Rothschild Robert De sold 1,370 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $127.00, for a total value of $173,990.00.
• On Thursday, September 5th, Rothschild Robert De sold 904 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $132.00, for a total value of $119,328.00.
• On Wednesday, August 21st, Rothschild Robert De sold 1,708 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $130.27, for a total value of $222,501.16.

PrimeEnergy Resources Price Performance

Shares of PrimeEnergy Resources stock opened at $139.22 on Thursday. The business has a 50-day moving average of $122.20 and a 200-day moving average of $110.51. The company has a market capitalization of $248.51 million, a PE ratio of 9.51 and a beta of 0.55. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $140.93.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share for the quarter. The company had revenue of $64.83 million during the quarter. PrimeEnergy Resources had a return on equity of 28.34% and a net margin of 26.67%.

Institutional Trading of PrimeEnergy Resources

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources during the second quarter valued at about $222,000. IFG Advisory LLC acquired a new position in PrimeEnergy Resources in the second quarter worth about $532,000. Janney Montgomery Scott LLC grew its stake in PrimeEnergy Resources by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after purchasing an additional 1,033 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in PrimeEnergy Resources by 1.2% in the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock worth $3,102,000 after purchasing an additional 366 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.