3,724 Shares in PrimeEnergy Corporation $PNRG Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new position in PrimeEnergy Corporation (NASDAQ:PNRG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,724 shares of the oil and natural gas company’s stock, valued at approximately $636,000. State of Alaska Department of Revenue owned about 0.23% of PrimeEnergy as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of PrimeEnergy in the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd purchased a new stake in PrimeEnergy during the 3rd quarter valued at about $44,000. Flagship Harbor Advisors LLC purchased a new stake in PrimeEnergy during the 4th quarter valued at about $52,000. State of Wyoming grew its position in PrimeEnergy by 62.7% during the 2nd quarter. State of Wyoming now owns 423 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 163 shares during the last quarter. Finally, CWM LLC grew its position in PrimeEnergy by 673.6% during the 3rd quarter. CWM LLC now owns 410 shares of the oil and natural gas company’s stock worth $68,000 after acquiring an additional 357 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of PrimeEnergy in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Transactions at PrimeEnergy

In other PrimeEnergy news, Director Clint Hurt sold 8,936 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $191.58, for a total value of $1,711,958.88. Following the completion of the sale, the director owned 105,763 shares in the company, valued at approximately $20,262,075.54. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Rothschild Robert De sold 10,151 shares of PrimeEnergy stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $186.19, for a total value of $1,890,014.69. Following the completion of the sale, the insider owned 211,906 shares in the company, valued at approximately $39,454,778.14. This represents a 4.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 31,300 shares of company stock worth $5,836,831. 62.77% of the stock is owned by company insiders.

PrimeEnergy Stock Up 5.1%

Shares of PrimeEnergy stock opened at $234.17 on Friday. The firm has a market cap of $379.36 million, a PE ratio of 21.56 and a beta of -0.18. PrimeEnergy Corporation has a 12-month low of $126.40 and a 12-month high of $249.50. The company’s fifty day simple moving average is $209.32 and its two-hundred day simple moving average is $181.45.

PrimeEnergy (NASDAQ:PNRG) last released its quarterly earnings data on Thursday, April 16th. The oil and natural gas company reported $1.43 earnings per share (EPS) for the quarter. The firm had revenue of $50.06 million for the quarter. PrimeEnergy had a net margin of 13.92% and a return on equity of 12.53%.

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. 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.