Barclays PLC Sells 224 Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG)

Barclays PLC lowered its position in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 8.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,405 shares of the oil and natural gas company’s stock after selling 224 shares during the period. Barclays PLC’s holdings in PrimeEnergy Resources were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cannell Capital LLC lifted its position in PrimeEnergy Resources by 3.2% in the fourth quarter. Cannell Capital LLC now owns 6,053 shares of the oil and natural gas company’s stock worth $1,329,000 after purchasing an additional 187 shares during the period. Invesco Ltd. acquired a new position in shares of PrimeEnergy Resources in the 4th quarter valued at $6,322,000. Wells Fargo & Company MN raised its stake in shares of PrimeEnergy Resources by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company’s stock valued at $93,000 after buying an additional 81 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of PrimeEnergy Resources during the 4th quarter worth about $815,000. Finally, Biondo Investment Advisors LLC acquired a new stake in shares of PrimeEnergy Resources during the 4th quarter valued at about $307,000.

PrimeEnergy Resources Stock Performance

NASDAQ:PNRG opened at $171.21 on Friday. The firm has a market capitalization of $286.43 million, a PE ratio of 7.36 and a beta of 0.25. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources Co. has a 12-month low of $100.22 and a 12-month high of $243.49. The firm has a 50-day moving average price of $192.14 and a 200 day moving average price of $195.32.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its earnings results on Tuesday, April 15th. The oil and natural gas company reported $1.02 EPS for the quarter. The business had revenue of $60.53 million during the quarter. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%.

Insider Buying and Selling at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 1,970 shares of PrimeEnergy Resources stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $197.31, for a total value of $388,700.70. Following the completion of the transaction, the insider now owns 241,834 shares in the company, valued at approximately $47,716,266.54. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 7,211 shares of company stock valued at $1,447,139. 61.07% of the stock is currently owned by company insiders.

About PrimeEnergy Resources

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.