PrimeEnergy (NASDAQ:PNRG) Major Shareholder Rothschild Robert De Sells 10,151 Shares of Stock

PrimeEnergy Corporation (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 10,151 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $186.19, for a total transaction of $1,890,014.69. Following the transaction, the insider owned 211,906 shares of the company’s stock, valued at approximately $39,454,778.14. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Friday, January 30th, Rothschild Robert De sold 10,000 shares of PrimeEnergy stock. The shares were sold at an average price of $181.81, for a total value of $1,818,100.00.
• On Tuesday, January 13th, Rothschild Robert De sold 8,700 shares of PrimeEnergy stock. The shares were sold at an average price of $182.85, for a total value of $1,590,795.00.

PrimeEnergy Stock Down 4.3%

PNRG stock opened at $175.20 on Tuesday. The company has a market cap of $285.58 million, a price-to-earnings ratio of 16.77 and a beta of -0.03. PrimeEnergy Corporation has a twelve month low of $126.40 and a twelve month high of $238.20. The business has a 50 day moving average price of $176.31 and a two-hundred day moving average price of $164.11.

PrimeEnergy (NASDAQ:PNRG) last released its quarterly earnings data on Wednesday, November 19th. The oil and natural gas company reported $4.38 EPS for the quarter. PrimeEnergy had a return on equity of 12.19% and a net margin of 12.69%.The company had revenue of $44.66 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PrimeEnergy in a research note on Monday, December 29th. Wall Street Zen raised PrimeEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On PrimeEnergy

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of PrimeEnergy by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 65,483 shares of the oil and natural gas company’s stock worth $10,936,000 after buying an additional 4,994 shares during the period. Millennium Management LLC boosted its holdings in shares of PrimeEnergy by 143.1% during the third quarter. Millennium Management LLC now owns 52,180 shares of the oil and natural gas company’s stock worth $8,716,000 after acquiring an additional 30,718 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PrimeEnergy by 60.5% during the third quarter. Vanguard Group Inc. now owns 25,258 shares of the oil and natural gas company’s stock worth $4,219,000 after acquiring an additional 9,522 shares during the period. JPMorgan Chase & Co. grew its position in shares of PrimeEnergy by 6,756.6% in the third quarter. JPMorgan Chase & Co. now owns 17,210 shares of the oil and natural gas company’s stock valued at $2,875,000 after purchasing an additional 16,959 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of PrimeEnergy by 5.7% during the second quarter. American Century Companies Inc. now owns 16,778 shares of the oil and natural gas company’s stock worth $2,456,000 after purchasing an additional 901 shares during the period.

About PrimeEnergy

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. 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.