Rothschild Robert De Sells 1,149 Shares of PrimeEnergy (NASDAQ:PNRG) Stock

PrimeEnergy Corporation (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,149 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $186.75, for a total transaction of $214,575.75. Following the transaction, the insider owned 200,757 shares in the company, valued at approximately $37,491,369.75. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Friday, January 30th, Rothschild Robert De sold 10,000 shares of PrimeEnergy stock. The stock was sold at an average price of $181.81, for a total transaction of $1,818,100.00.
• On Thursday, January 29th, Rothschild Robert De sold 10,151 shares of PrimeEnergy stock. The shares were sold at an average price of $186.19, for a total value of $1,890,014.69.
• On Tuesday, January 13th, Rothschild Robert De sold 8,700 shares of PrimeEnergy stock. The stock was sold at an average price of $182.85, for a total value of $1,590,795.00.

PrimeEnergy Stock Performance

Shares of PNRG traded down $0.06 during trading hours on Monday, hitting $192.97. 47,880 shares of the company were exchanged, compared to its average volume of 57,345. The company has a market cap of $314.54 million, a PE ratio of 18.47 and a beta of -0.03. The firm’s 50 day moving average is $177.49 and its 200-day moving average is $164.79. PrimeEnergy Corporation has a 52 week low of $126.40 and a 52 week high of $238.20.

PrimeEnergy (NASDAQ:PNRG) last announced its earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share (EPS) for the quarter. PrimeEnergy had a return on equity of 12.19% and a net margin of 12.69%.The firm had revenue of $44.66 million during the quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on PNRG. Weiss Ratings reissued a “hold (c)” rating on shares of PrimeEnergy in a research report on Monday, December 29th. Wall Street Zen upgraded PrimeEnergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On PrimeEnergy

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in PrimeEnergy by 143.1% during the third quarter. Millennium Management LLC now owns 52,180 shares of the oil and natural gas company’s stock valued at $8,716,000 after acquiring an additional 30,718 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of PrimeEnergy by 6,756.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,210 shares of the oil and natural gas company’s stock worth $2,875,000 after purchasing an additional 16,959 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of PrimeEnergy during the second quarter valued at approximately $1,894,000. Vanguard Group Inc. raised its stake in shares of PrimeEnergy by 60.5% in the third quarter. Vanguard Group Inc. now owns 25,258 shares of the oil and natural gas company’s stock valued at $4,219,000 after purchasing an additional 9,522 shares in the last quarter. Finally, Marex Group plc acquired a new position in shares of PrimeEnergy in the second quarter valued at $1,317,000.

PrimeEnergy 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. 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, site-preparation, and construction services for oil and gas drilling and reworking operations.