Barclays PLC Buys 636 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Barclays PLC grew its stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 31.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,629 shares of the oil and natural gas company’s stock after acquiring an additional 636 shares during the period. Barclays PLC owned about 0.15% of PrimeEnergy Resources worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. bought a new position in PrimeEnergy Resources in the 2nd quarter worth approximately $222,000. Farther Finance Advisors LLC bought a new position in PrimeEnergy Resources in the 3rd quarter worth approximately $276,000. Dimensional Fund Advisors LP boosted its holdings in PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after buying an additional 1,045 shares during the period. BNP Paribas Financial Markets boosted its holdings in PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company’s stock worth $171,000 after buying an additional 1,028 shares during the period. Finally, Empowered Funds LLC boosted its holdings in PrimeEnergy Resources by 41.2% in the 3rd quarter. Empowered Funds LLC now owns 2,838 shares of the oil and natural gas company’s stock worth $391,000 after buying an additional 828 shares during the period.

Insiders Place Their Bets

In other PrimeEnergy Resources news, Director Clint Hurt sold 997 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $234.09, for a total value of $233,387.73. Following the sale, the director now directly owns 139,766 shares in the company, valued at $32,717,822.94. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Stock Up 2.7 %

PNRG opened at $211.50 on Friday. The company has a 50 day moving average of $191.72 and a 200 day moving average of $151.29. The company has a market cap of $363.15 million, a PE ratio of 9.09 and a beta of 0.54. PrimeEnergy Resources Co. has a 12 month low of $92.40 and a 12 month high of $243.49. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

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.