PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 3,368 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,368 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $100.01, for a total value of $336,833.68. Following the completion of the sale, the director now directly owns 147,827 shares in the company, valued at $14,784,178.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, April 24th, Clint Hurt sold 874 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.00, for a total value of $87,400.00.
• On Thursday, April 18th, Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.15, for a total value of $157,035.20.

PrimeEnergy Resources Price Performance

NASDAQ PNRG opened at $102.47 on Friday. The firm has a market capitalization of $183.42 million, a P/E ratio of 9.52 and a beta of 0.51. PrimeEnergy Resources Co. has a 1-year low of $80.63 and a 1-year high of $120.00. The business’s 50-day simple moving average is $99.70 and its 200-day simple moving average is $102.38.

Hedge Funds Weigh In On PrimeEnergy Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio lifted its stake in shares of PrimeEnergy Resources by 5.9% in the 4th quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after purchasing an additional 200 shares in the last quarter. Barclays PLC lifted its position in PrimeEnergy Resources by 258.4% during the 3rd quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 385 shares in the last quarter. New York State Common Retirement Fund lifted its position in 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 worth $447,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in PrimeEnergy Resources by 17.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock worth $754,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Raymond James & Associates acquired a new position in PrimeEnergy Resources during the 3rd quarter worth approximately $232,000.

About PrimeEnergy Resources

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.