Barclays PLC Raises Position in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Barclays PLC increased its holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 31.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,629 shares of the oil and natural gas company’s stock after purchasing an additional 636 shares during the quarter. Barclays PLC’s holdings in PrimeEnergy Resources were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in PrimeEnergy Resources in the 3rd quarter worth $47,000. BNP Paribas Financial Markets raised its position in PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after purchasing an additional 1,028 shares during the period. State Street Corp raised its position in PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after purchasing an additional 100 shares during the period. Janney Montgomery Scott LLC raised its position in PrimeEnergy Resources by 3.1% in 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 during the period. Finally, Empowered Funds LLC raised its position in PrimeEnergy Resources by 41.2% in the 3rd quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock worth $391,000 after purchasing an additional 828 shares during the period.

Insiders Place Their Bets

In other PrimeEnergy Resources news, Director Clint Hurt sold 997 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Price Performance

Shares of NASDAQ:PNRG opened at $211.50 on Friday. The stock has a market cap of $363.15 million, a PE ratio of 9.09 and a beta of 0.54. PrimeEnergy Resources Co. has a 52 week low of $92.40 and a 52 week 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 company’s fifty day moving average is $191.72 and its 200 day moving average is $151.29.

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.