Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $211,680.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRGGet Free Report) Director Clint Hurt sold 2,160 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $98.00, for a total value of $211,680.00. Following the sale, the director now directly owns 156,949 shares in the company, valued at $15,381,002. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, August 31st, Clint Hurt sold 3 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $98.00, for a total value of $294.00.
  • On Friday, June 23rd, Clint Hurt sold 1,621 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $98.02, for a total transaction of $158,890.42.
  • On Wednesday, June 21st, Clint Hurt sold 479 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $98.03, for a total transaction of $46,956.37.

PrimeEnergy Resources Stock Up 0.4 %

PNRG stock opened at $98.58 on Monday. The company’s 50-day simple moving average is $94.57 and its 200-day simple moving average is $90.84. PrimeEnergy Resources Co. has a 52-week low of $69.84 and a 52-week high of $100.00. The firm has a market cap of $181.39 million, a P/E ratio of 6.93 and a beta of 0.74.

PrimeEnergy Resources (NASDAQ:PNRGGet Free Report) last posted its earnings results on Monday, August 14th. The oil and natural gas company reported $3.82 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 32.95% and a return on equity of 27.40%. The business had revenue of $29.61 million for the quarter.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in PrimeEnergy Resources by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,356 shares of the oil and natural gas company’s stock valued at $2,610,000 after buying an additional 3,943 shares in the last quarter. BlackRock Inc. lifted its stake in PrimeEnergy Resources by 1,114.8% in the 2nd quarter. BlackRock Inc. now owns 24,539 shares of the oil and natural gas company’s stock valued at $2,258,000 after buying an additional 22,519 shares in the last quarter. Geode Capital Management LLC lifted its stake in PrimeEnergy Resources by 126.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,847 shares of the oil and natural gas company’s stock valued at $1,182,000 after buying an additional 7,175 shares in the last quarter. Northern Trust Corp lifted its stake in PrimeEnergy Resources by 89.5% in the 2nd quarter. Northern Trust Corp now owns 10,136 shares of the oil and natural gas company’s stock valued at $933,000 after buying an additional 4,787 shares in the last quarter. Finally, State Street Corp purchased a new position in PrimeEnergy Resources in the 2nd quarter valued at about $626,000. 9.82% of the stock is owned by hedge funds and other institutional investors.

About PrimeEnergy Resources

(Get Free Report)

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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.

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