Clint Hurt Sells 997 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 997 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $234.09, for a total value of $233,387.73. Following the completion of the sale, the director now owns 139,766 shares of the company’s stock, valued at $32,717,822.94. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PrimeEnergy Resources Trading Down 6.2 %

NASDAQ:PNRG opened at $205.90 on Friday. 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’s 50-day simple moving average is $190.85 and its 200-day simple moving average is $150.22. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $243.49. The stock has a market capitalization of $353.53 million, a PE ratio of 8.85 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNRG. State Street Corp raised its holdings in shares of PrimeEnergy Resources by 1.4% during the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after acquiring an additional 100 shares during the period. Janney Montgomery Scott LLC increased its holdings in PrimeEnergy Resources by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock worth $1,129,000 after purchasing an additional 247 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources during the 3rd quarter worth about $47,000. Barclays PLC raised its stake in shares of PrimeEnergy Resources by 31.9% in the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock valued at $362,000 after purchasing an additional 636 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PrimeEnergy Resources by 119.4% in the third quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after purchasing an additional 823 shares in the last quarter.

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.