PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $157,035.20 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,568 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $100.15, for a total transaction of $157,035.20. Following the completion of the transaction, the director now owns 154,195 shares of the company’s stock, valued at approximately $15,442,629.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, April 22nd, Clint Hurt sold 3,368 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.01, for a total transaction of $336,833.68.

PrimeEnergy Resources Price Performance

PrimeEnergy Resources stock opened at $100.70 on Thursday. The firm has a 50 day simple moving average of $99.64 and a 200-day simple moving average of $102.38. The stock has a market capitalization of $180.25 million, a PE ratio of 9.36 and a beta of 0.51. PrimeEnergy Resources Co. has a 12-month low of $80.63 and a 12-month high of $120.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio boosted 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. Barclays PLC boosted its holdings in shares of PrimeEnergy Resources by 258.4% in the third quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 385 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of PrimeEnergy Resources by 10.5% in the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock valued at $447,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of PrimeEnergy Resources by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company’s stock valued at $754,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in PrimeEnergy Resources during the third quarter valued at approximately $232,000.

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.