Clint Hurt Sells 1,064 Shares of PrimeEnergy (NASDAQ:PNRG) Stock

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 1,064 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $190.02, for a total transaction of $202,181.28. Following the completion of the transaction, the director owned 114,699 shares of the company’s stock, valued at $21,795,103.98. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 6th, Clint Hurt sold 8,936 shares of PrimeEnergy stock. The shares were sold at an average price of $191.58, for a total transaction of $1,711,958.88.
• On Thursday, December 11th, Clint Hurt sold 1,285 shares of PrimeEnergy stock. The stock was sold at an average price of $190.07, for a total transaction of $244,239.95.
• On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The stock was sold at an average price of $190.12, for a total transaction of $706,295.80.
• On Tuesday, December 9th, Clint Hurt sold 5,000 shares of PrimeEnergy stock. The shares were sold at an average price of $190.20, for a total transaction of $951,000.00.

PrimeEnergy Price Performance

Shares of NASDAQ:PNRG opened at $189.60 on Wednesday. The business’s 50 day simple moving average is $177.89 and its 200-day simple moving average is $165.00. The firm has a market capitalization of $309.05 million, a price-to-earnings ratio of 18.14 and a beta of -0.03. PrimeEnergy Corporation has a 12 month low of $126.40 and a 12 month high of $238.20.

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

Analyst Ratings Changes

PNRG has been the subject of several research reports. Wall Street Zen raised PrimeEnergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PrimeEnergy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On PrimeEnergy

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of PrimeEnergy by 690.7% in the fourth quarter. BNP Paribas Financial Markets now owns 36,546 shares of the oil and natural gas company’s stock valued at $6,249,000 after acquiring an additional 31,924 shares in the last quarter. Millennium Management LLC raised its stake in PrimeEnergy by 143.1% in the 3rd quarter. Millennium Management LLC now owns 52,180 shares of the oil and natural gas company’s stock valued at $8,716,000 after purchasing an additional 30,718 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in PrimeEnergy by 6,756.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,210 shares of the oil and natural gas company’s stock valued at $2,875,000 after purchasing an additional 16,959 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in PrimeEnergy in the 2nd quarter valued at about $1,894,000. Finally, Vanguard Group Inc. boosted its stake in shares of PrimeEnergy by 60.5% during the 3rd quarter. Vanguard Group Inc. now owns 25,258 shares of the oil and natural gas company’s stock worth $4,219,000 after purchasing an additional 9,522 shares during the last quarter.

About PrimeEnergy

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.