Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Major Shareholder Sells 1,337 Shares of Stock

Posted by Logan Wallace on Feb 13th, 2025

PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report) major shareholder Rothschild Robert De sold 1,337 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $203.92, for a total value of $272,641.04. Following the completion of the sale, the insider now directly owns 248,191 shares in the company, valued at $50,611,108.72. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Wednesday, February 12th, Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $197.31, for a total transaction of $388,700.70.
On Friday, February 7th, Rothschild Robert De sold 1,615 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $202.15, for a total transaction of $326,472.25.
On Wednesday, February 5th, Rothschild Robert De sold 503 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.18, for a total transaction of $108,235.54.
On Monday, February 3rd, Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $212.00, for a total value of $99,852.00.
On Friday, January 31st, Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $219.72, for a total value of $724,416.84.
On Friday, January 17th, Rothschild Robert De sold 1,831 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $213.69, for a total value of $391,266.39.
On Wednesday, January 15th, Rothschild Robert De sold 2,311 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $215.03, for a total value of $496,934.33.
On Monday, January 13th, Rothschild Robert De sold 3,446 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $205.40, for a total transaction of $707,808.40.

PrimeEnergy Resources Stock Performance

Shares of PNRG opened at $196.51 on Thursday. PrimeEnergy Resources Co. has a 52-week low of $93.70 and a 52-week high of $243.49. The firm has a market capitalization of $338.00 million, a PE ratio of 8.45 and a beta of 0.54. The firm has a 50-day moving average price of $205.13 and a 200 day moving average price of $170.81. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of PrimeEnergy Resources by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock valued at $2,155,000 after purchasing an additional 935 shares during the period. Janney Montgomery Scott LLC lifted its holdings in PrimeEnergy Resources by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,196 shares of the oil and natural gas company’s stock valued at $1,129,000 after acquiring an additional 247 shares during the last quarter. Empowered Funds LLC boosted its position in shares of PrimeEnergy Resources by 185.7% during the 4th quarter. Empowered Funds LLC now owns 8,108 shares of the oil and natural gas company’s stock valued at $1,780,000 after purchasing an additional 5,270 shares in the last quarter. State Street Corp grew its stake in shares of PrimeEnergy Resources by 1.4% in the 3rd quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company’s stock worth $1,026,000 after purchasing an additional 100 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of PrimeEnergy Resources by 363.6% in the 4th quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company’s stock worth $1,596,000 after purchasing an additional 5,702 shares in the last quarter.

About PrimeEnergy Resources

(Get Free Report)

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.