PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 3,095 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $214.65, for a total value of $664,341.75. Following the completion of the sale, the director now directly owns 132,681 shares in the company, valued at $28,479,976.65. This represents a 2.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Clint Hurt also recently made the following trade(s):
PNRG traded up $2.63 during trading on Friday, reaching $213.37. The company had a trading volume of 46,008 shares, compared to its average volume of 14,755. The firm's 50-day simple moving average is $199.09 and its 200 day simple moving average is $157.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $367.00 million, a price-to-earnings ratio of 9.17 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.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of PrimeEnergy Resources in the 3rd quarter valued at approximately $47,000. BNP Paribas Financial Markets lifted its holdings in shares of PrimeEnergy Resources by 489.5% in the third quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock valued at $171,000 after purchasing an additional 1,028 shares in the last quarter. Barclays PLC boosted its position in shares of PrimeEnergy Resources by 31.9% in the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock worth $362,000 after buying an additional 636 shares during the period. State Street Corp grew 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 valued at $1,026,000 after buying an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in PrimeEnergy Resources by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company's stock valued at $1,129,000 after buying an additional 247 shares during the period.
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.
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