Centiva Capital LP Purchases Shares of 3,131 PrimeEnergy Corporation $PNRG

Centiva Capital LP purchased a new position in PrimeEnergy Corporation (NASDAQ:PNRG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,131 shares of the oil and natural gas company’s stock, valued at approximately $523,000. Centiva Capital LP owned approximately 0.19% of PrimeEnergy as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of PrimeEnergy by 286.2% during the 1st quarter. AQR Capital Management LLC now owns 6,897 shares of the oil and natural gas company’s stock valued at $1,572,000 after acquiring an additional 5,111 shares during the period. Empowered Funds LLC raised its stake in PrimeEnergy by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,649 shares of the oil and natural gas company’s stock worth $1,971,000 after acquiring an additional 541 shares during the period. Wittenberg Investment Management Inc. bought a new stake in PrimeEnergy during the 2nd quarter worth approximately $439,000. Magnetar Financial LLC purchased a new position in PrimeEnergy during the second quarter valued at approximately $298,000. Finally, Rhumbline Advisers lifted its holdings in PrimeEnergy by 99.3% during the second quarter. Rhumbline Advisers now owns 1,373 shares of the oil and natural gas company’s stock valued at $201,000 after purchasing an additional 684 shares in the last quarter.

Insider Activity at PrimeEnergy

In other news, major shareholder Rothschild Robert De sold 1,149 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $186.75, for a total value of $214,575.75. Following the transaction, the insider owned 200,757 shares of the company’s stock, valued at approximately $37,491,369.75. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clint Hurt sold 8,936 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $191.58, for a total transaction of $1,711,958.88. Following the completion of the transaction, the director directly owned 105,763 shares in the company, valued at $20,262,075.54. This trade represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 40,000 shares of company stock worth $7,427,626. Company insiders own 62.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PNRG shares. Weiss Ratings reissued a “hold (c)” rating on shares of PrimeEnergy in a research note on Monday, December 29th. Wall Street Zen upgraded shares of PrimeEnergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

PrimeEnergy Trading Down 3.0%

Shares of PNRG opened at $205.66 on Monday. The business’s 50 day moving average is $184.34 and its 200 day moving average is $169.87. PrimeEnergy Corporation has a 12-month low of $126.40 and a 12-month high of $238.20. The company has a market capitalization of $335.23 million, a PE ratio of 19.68 and a beta of -0.08.

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.