Geode Capital Management LLC Grows Stock Holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Geode Capital Management LLC increased its position in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,639 shares of the oil and natural gas company’s stock after acquiring an additional 935 shares during the period. Geode Capital Management LLC’s holdings in PrimeEnergy Resources were worth $2,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources in the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets lifted 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 valued at $171,000 after acquiring an additional 1,028 shares in the last quarter. Victory Capital Management Inc. bought a new position in PrimeEnergy Resources in the 2nd quarter valued at approximately $222,000. Farther Finance Advisors LLC bought a new position in PrimeEnergy Resources in the 3rd quarter valued at approximately $276,000. Finally, Barclays PLC lifted its position in 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 acquiring an additional 636 shares in the last quarter.

PrimeEnergy Resources Stock Performance

PNRG stock opened at $203.20 on Wednesday. The stock has a market capitalization of $348.89 million, a PE ratio of 8.74 and a beta of 0.54. PrimeEnergy Resources Co. has a 12-month low of $92.40 and a 12-month high of $243.49. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $193.48 and its 200 day simple moving average is $153.06.

Insider Activity at PrimeEnergy Resources

In other news, Director Clint Hurt sold 2,118 shares of the stock in a transaction 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 transaction, the director now directly owns 135,776 shares of the company’s stock, valued at $29,960,332.16. This represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 61.07% of the stock is currently owned by insiders.

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.