Victory Capital Management Inc. Reduces Holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Victory Capital Management Inc. decreased its position in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 37.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,337 shares of the oil and natural gas company’s stock after selling 788 shares during the period. Victory Capital Management Inc.’s holdings in PrimeEnergy Resources were worth $294,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of 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 valued at $1,026,000 after buying an additional 100 shares during the period. Barclays PLC grew 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 buying an additional 636 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PrimeEnergy Resources by 119.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512 shares of the oil and natural gas company’s stock valued at $208,000 after buying an additional 823 shares during the period. Empowered Funds LLC grew its stake in shares of 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 valued at $391,000 after buying an additional 828 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of PrimeEnergy Resources by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after buying an additional 935 shares during the period.

PrimeEnergy Resources Stock Performance

PrimeEnergy Resources stock opened at $216.14 on Friday. The firm has a 50 day simple moving average of $204.23 and a 200-day simple moving average of $185.10. PrimeEnergy Resources Co. has a 1-year low of $98.55 and a 1-year high of $243.49. 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 stock has a market cap of $371.11 million, a price-to-earnings ratio of 9.29 and a beta of 0.51.

Insider Transactions at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 3,446 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $205.40, for a total value of $707,808.40. Following the transaction, the insider now directly owns 263,322 shares in the company, valued at approximately $54,086,338.80. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clint Hurt sold 2,118 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $220.66, for a total transaction of $467,357.88. Following the completion of the transaction, the director now owns 135,776 shares in the company, valued at approximately $29,960,332.16. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,896 shares of company stock worth $6,957,496. 61.07% of the stock is currently owned by insiders.

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.