PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 2,511 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 2,511 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $129.18, for a total transaction of $324,370.98. Following the completion of the transaction, the director now directly owns 140,763 shares of the company’s stock, valued at approximately $18,183,764.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Clint Hurt also recently made the following trade(s):

• On Friday, July 19th, Clint Hurt sold 29 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $120.00, for a total value of $3,480.00.
• On Wednesday, July 17th, Clint Hurt sold 2,217 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $120.57, for a total value of $267,303.69.

PrimeEnergy Resources Stock Performance

Shares of PNRG stock traded up $1.50 during mid-day trading on Monday, reaching $133.12. The stock had a trading volume of 4,826 shares, compared to its average volume of 2,334. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.02. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $136.00. The firm has a market cap of $237.62 million, a price-to-earnings ratio of 8.99 and a beta of 0.55. The business’s fifty day moving average is $111.77 and its 200-day moving average is $105.16.

PrimeEnergy Resources (NASDAQ:PNRG) last issued its quarterly earnings results on Friday, May 17th. The oil and natural gas company reported $4.41 earnings per share for the quarter. PrimeEnergy Resources had a net margin of 26.50% and a return on equity of 24.03%. The company had revenue of $42.99 million for the quarter.

Institutional Trading of PrimeEnergy Resources

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in PrimeEnergy Resources by 1.2% during 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 purchasing an additional 366 shares during the period. New York State Common Retirement Fund grew its position in PrimeEnergy Resources by 10.5% during the 4th quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock worth $447,000 after purchasing an additional 400 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of PrimeEnergy Resources by 8.6% during 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 buying an additional 608 shares during the last quarter. Strs Ohio lifted its holdings in shares of PrimeEnergy Resources by 5.9% in the 4th quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after buying an additional 200 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after buying an additional 1,045 shares during the last quarter.

About PrimeEnergy Resources

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.