PrimeEnergy Resources Co. (NASDAQ:PNRG) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,405 shares of the oil and natural gas company’s stock after selling 224 shares during the quarter. Barclays PLC owned 0.14% of PrimeEnergy Resources worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in PrimeEnergy Resources by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after purchasing an additional 81 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of PrimeEnergy Resources in the 4th quarter worth $203,000. Bank of New York Mellon Corp acquired a new stake in shares of PrimeEnergy Resources during the fourth quarter worth $246,000. Safir Wealth Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the fourth quarter valued at $273,000. Finally, Biondo Investment Advisors LLC purchased a new stake in shares of PrimeEnergy Resources during the fourth quarter valued at $307,000.

Insider Activity

In other news, major shareholder Rothschild Robert De bought 1,017 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $195.29 per share, for a total transaction of $198,609.93. Following the completion of the purchase, the insider now directly owns 236,913 shares of the company’s stock, valued at $46,266,739.77. This trade represents a 0.43 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 7,211 shares of company stock worth $1,447,139 over the last quarter. Corporate insiders own 61.07% of the company’s stock.

PrimeEnergy Resources Trading Up 3.1 %

Shares of PNRG opened at $171.21 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources Co. has a 1-year low of $100.22 and a 1-year high of $243.49. The stock has a market capitalization of $286.43 million, a P/E ratio of 7.36 and a beta of 0.25. The business’s 50-day moving average price is $192.14 and its 200 day moving average price is $195.32.

PrimeEnergy Resources (NASDAQ:PNRG) last released its quarterly earnings results on Tuesday, April 15th. The oil and natural gas company reported $1.02 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%. The business had revenue of $60.53 million for the quarter.

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.