2,000 Shares in PrimeEnergy Resources Co. (NASDAQ:PNRG) Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the oil and natural gas company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 valued at $3,102,000 after acquiring an additional 366 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock valued at $3,146,000 after purchasing an additional 1,045 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of PrimeEnergy Resources by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company’s stock valued at $772,000 after purchasing an additional 608 shares in the last quarter. IFG Advisory LLC acquired a new stake in PrimeEnergy Resources during the 2nd quarter worth approximately $532,000. Finally, Victory Capital Management Inc. acquired a new stake in PrimeEnergy Resources during the 2nd quarter worth approximately $222,000.

Insiders Place Their Bets

In other news, major shareholder Rothschild Robert De sold 904 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $132.00, for a total value of $119,328.00. Following the completion of the sale, the insider now owns 273,930 shares in the company, valued at approximately $36,158,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 9,674 shares of company stock worth $1,275,641 over the last quarter. 61.07% of the stock is owned by corporate insiders.

PrimeEnergy Resources Stock Up 2.6 %

Shares of PNRG stock opened at $184.92 on Friday. PrimeEnergy Resources Co. has a fifty-two week low of $92.40 and a fifty-two week high of $188.78. The firm’s 50 day moving average price is $151.84 and its two-hundred day moving average price is $125.76. The stock has a market cap of $323.61 million, a price-to-earnings ratio of 9.95 and a beta of 0.50.

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