Primeenergy Resources Corp (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 2,822 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $144.44, for a total transaction of $407,609.68. Following the sale, the insider now owns 200 shares in the company, valued at $28,888. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of PNRG stock opened at $140.00 on Friday. The stock has a market capitalization of $282.54 million, a P/E ratio of 28.81 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $146.84 and its 200 day moving average is $135.91. Primeenergy Resources Corp has a 12 month low of $106.34 and a 12 month high of $184.20.
Several hedge funds have recently made changes to their positions in PNRG. Marshall Wace North America L.P. purchased a new stake in Primeenergy Resources in the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC purchased a new stake in Primeenergy Resources in the 4th quarter worth approximately $26,000. Strs Ohio purchased a new stake in Primeenergy Resources in the 3rd quarter worth approximately $46,000. Barclays PLC lifted its stake in Primeenergy Resources by 99.2% in the 4th quarter. Barclays PLC now owns 512 shares of the oil and natural gas company’s stock worth $77,000 after purchasing an additional 255 shares in the last quarter. Finally, UBS Group AG lifted its stake in Primeenergy Resources by 19.6% in the 4th quarter. UBS Group AG now owns 1,069 shares of the oil and natural gas company’s stock worth $162,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 5.08% of the company’s stock.
PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations.
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