Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 874 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 874 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $100.00, for a total value of $87,400.00. Following the completion of the sale, the director now directly owns 145,763 shares of the company’s stock, valued at $14,576,300. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Clint Hurt also recently made the following trade(s):

• On Monday, April 22nd, Clint Hurt sold 3,368 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $100.01, for a total value of $336,833.68.
• On Thursday, April 18th, Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock. The stock was sold at an average price of $100.15, for a total value of $157,035.20.

PrimeEnergy Resources Stock Performance

PNRG traded up $1.77 during midday trading on Thursday, reaching $102.47. 3,306 shares of the company were exchanged, compared to its average volume of 1,964. The company’s fifty day moving average price is $99.70 and its 200 day moving average price is $102.38. The company has a market cap of $183.42 million, a price-to-earnings ratio of 9.52 and a beta of 0.51. PrimeEnergy Resources Co. has a one year low of $80.63 and a one year high of $120.00.

Institutional Trading of PrimeEnergy Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in PrimeEnergy Resources by 258.4% during the 3rd quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 385 shares in the last quarter. Raymond James & Associates bought a new position in shares of PrimeEnergy Resources in the third quarter valued at approximately $232,000. Bank of New York Mellon Corp bought a new position in shares of PrimeEnergy Resources in the third quarter valued at approximately $241,000. Lauer Wealth LLC bought a new position in shares of PrimeEnergy Resources in the fourth quarter valued at approximately $300,000. Finally, Strs Ohio grew its holdings in shares of PrimeEnergy Resources by 5.9% in the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after acquiring an additional 200 shares in the last quarter.

About PrimeEnergy Resources

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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.