PrimeEnergy Resources Co. (NASDAQ:PNRG) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 41.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,838 shares of the oil and natural gas company’s stock after purchasing an additional 828 shares during the quarter. Empowered Funds LLC’s holdings in PrimeEnergy Resources were worth $391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources in the third quarter valued at about $47,000. Victory Capital Management Inc. acquired a new stake in PrimeEnergy Resources during the second quarter valued at approximately $222,000. Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources during the 3rd quarter valued at approximately $276,000. IFG Advisory LLC bought a new position in shares of PrimeEnergy Resources in the 2nd quarter worth about $532,000. Finally, Janney Montgomery Scott LLC lifted its holdings in PrimeEnergy Resources by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after acquiring an additional 247 shares during the last quarter.

Insider Buying and Selling

In related news, major shareholder Rothschild Robert De sold 2,976 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $134.00, for a total value of $398,784.00. Following the completion of the transaction, the insider now owns 269,484 shares in the company, valued at $36,110,856. This represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,966 shares of company stock valued at $1,053,140 in the last quarter. Company insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Trading Up 0.5 %

NASDAQ:PNRG opened at $203.90 on Tuesday. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $207.80. The firm has a market capitalization of $350.71 million, a P/E ratio of 8.77 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The business has a 50 day simple moving average of $165.70 and a 200 day simple moving average of $133.07.

PrimeEnergy Resources 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.