PrimeEnergy Resources Co. (NASDAQ:PNRG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 1.2% in the first quarter, Holdings Channel reports. The firm owned 30,941 shares of the oil and natural gas company’s stock after purchasing an additional 366 shares during the quarter. Vanguard Group Inc.’s holdings in PrimeEnergy Resources were worth $3,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNRG. Strs Ohio lifted its holdings in PrimeEnergy Resources by 5.9% during the 4th quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock worth $382,000 after buying an additional 200 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of 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 valued at $447,000 after acquiring an additional 400 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in PrimeEnergy Resources by 17.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after purchasing an additional 1,033 shares during the last quarter.

PrimeEnergy Resources Stock Up 2.5 %

PNRG stock opened at $131.62 on Monday. The firm has a market cap of $234.94 million, a price-to-earnings ratio of 8.99 and a beta of 0.55. PrimeEnergy Resources Co. has a 1-year low of $92.40 and a 1-year high of $133.64. The firm has a fifty day moving average price of $111.77 and a two-hundred day moving average price of $105.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.36 and a quick ratio of 0.36.

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

Insider Buying and Selling at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 17,800 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $97.50, for a total transaction of $1,735,500.00. Following the sale, the insider now directly owns 277,968 shares in the company, valued at approximately $27,101,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PrimeEnergy Resources news, Director Clint Hurt sold 2,217 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $120.57, for a total value of $267,303.69. Following the sale, the director now directly owns 143,546 shares in the company, valued at $17,307,341.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Rothschild Robert De sold 17,800 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $97.50, for a total transaction of $1,735,500.00. Following the transaction, the insider now owns 277,968 shares of the company’s stock, valued at approximately $27,101,880. The disclosure for this sale can be found here. Insiders sold a total of 20,046 shares of company stock worth $2,006,284 over the last ninety days. Company insiders own 61.07% of the company’s stock.

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.