PrimeEnergy Resources Co. (NASDAQ:PNRG) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,425 shares of the oil and natural gas company’s stock after purchasing an additional 464 shares during the quarter. Northern Trust Corp owned 0.61% of PrimeEnergy Resources worth $2,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. purchased a new position in shares of PrimeEnergy Resources during the 4th quarter valued at approximately $6,322,000. American Century Companies Inc. lifted its position in shares of PrimeEnergy Resources by 363.6% during the 4th quarter. American Century Companies Inc. now owns 7,270 shares of the oil and natural gas company’s stock valued at $1,596,000 after buying an additional 5,702 shares in the last quarter. Empowered Funds LLC lifted 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 buying an additional 5,270 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of PrimeEnergy Resources during the 4th quarter valued at approximately $815,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of PrimeEnergy Resources by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company’s stock valued at $7,865,000 after buying an additional 2,753 shares in the last quarter.

PrimeEnergy Resources Trading Up 1.8%

Shares of NASDAQ:PNRG opened at $191.97 on Monday. PrimeEnergy Resources Co. has a 1 year low of $100.22 and a 1 year high of $243.49. The firm has a market capitalization of $318.86 million, a price-to-earnings ratio of 8.25 and a beta of 0.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50 day moving average price is $189.54 and its 200-day moving average price is $196.89.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 earnings per share (EPS) for the quarter. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%. The firm had revenue of $50.06 million for the quarter.

PrimeEnergy Resources Profile

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.