Insider Selling: PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells 3,368 Shares of Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,368 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $100.01, for a total transaction of $336,833.68. Following the sale, the director now directly owns 147,827 shares of the company’s stock, valued at approximately $14,784,178.27. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, April 18th, Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.15, for a total transaction of $157,035.20.

PrimeEnergy Resources Price Performance

Shares of NASDAQ:PNRG traded up $1.13 during mid-day trading on Wednesday, reaching $100.70. 6,039 shares of the company were exchanged, compared to its average volume of 1,947. The firm has a market cap of $180.25 million, a price-to-earnings ratio of 9.30 and a beta of 0.51. The firm’s 50-day simple moving average is $99.55 and its 200 day simple moving average is $102.39. PrimeEnergy Resources Co. has a 1 year low of $80.63 and a 1 year high of $120.00.

Hedge Funds Weigh In On PrimeEnergy Resources

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

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.