Aviva PLC Invests $281,000 in PrimeEnergy Corporation $PNRG

Aviva PLC purchased a new stake in shares of PrimeEnergy Corporation (NASDAQ:PNRG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,917 shares of the oil and natural gas company’s stock, valued at approximately $281,000. Aviva PLC owned approximately 0.12% of PrimeEnergy at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in PrimeEnergy by 69.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,896 shares of the oil and natural gas company’s stock valued at $432,000 after purchasing an additional 778 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of PrimeEnergy by 14.9% in the first quarter. Victory Capital Management Inc. now owns 1,536 shares of the oil and natural gas company’s stock worth $350,000 after buying an additional 199 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in shares of PrimeEnergy during the first quarter valued at approximately $478,000. Meeder Asset Management Inc. increased its position in shares of PrimeEnergy by 1,879.1% during the first quarter. Meeder Asset Management Inc. now owns 1,702 shares of the oil and natural gas company’s stock valued at $388,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in PrimeEnergy by 18.4% in the 1st quarter. Invesco Ltd. now owns 34,084 shares of the oil and natural gas company’s stock worth $7,767,000 after acquiring an additional 5,294 shares during the last quarter.

PrimeEnergy Trading Down 1.8%

Shares of NASDAQ:PNRG opened at $139.57 on Friday. The stock’s 50-day simple moving average is $156.02 and its two-hundred day simple moving average is $160.99. The stock has a market capitalization of $230.15 million, a price-to-earnings ratio of 9.39 and a beta of 0.09. PrimeEnergy Corporation has a 52-week low of $126.40 and a 52-week high of $243.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.60 and a current ratio of 0.60.

PrimeEnergy (NASDAQ:PNRG) last released its quarterly earnings results on Tuesday, August 19th. The oil and natural gas company reported $1.33 EPS for the quarter. The firm had revenue of $41.98 million during the quarter. PrimeEnergy had a net margin of 16.54% and a return on equity of 17.98%.

Analysts Set New Price Targets

Several analysts have commented on PNRG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of PrimeEnergy in a research note on Wednesday, October 8th. Wall Street Zen downgraded PrimeEnergy from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, PrimeEnergy has a consensus rating of “Hold”.

PrimeEnergy Company 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.