Janney Montgomery Scott LLC Decreases Stock Holdings in PrimeEnergy Corporation (NASDAQ:PNRG)

Janney Montgomery Scott LLC reduced its position in shares of PrimeEnergy Corporation (NASDAQ:PNRG) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,981 shares of the oil and natural gas company’s stock after selling 122 shares during the period. Janney Montgomery Scott LLC’s holdings in PrimeEnergy were worth $1,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new stake in PrimeEnergy during the 1st quarter worth $841,000. GAMMA Investing LLC raised its stake in PrimeEnergy by 22,683.3% during the 1st quarter. GAMMA Investing LLC now owns 1,367 shares of the oil and natural gas company’s stock worth $312,000 after acquiring an additional 1,361 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in PrimeEnergy during the 4th quarter worth $207,000. Lazard Asset Management LLC raised its stake in PrimeEnergy by 458.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,530 shares of the oil and natural gas company’s stock worth $335,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Ellevest Inc. acquired a new stake in PrimeEnergy during the 4th quarter worth $241,000.

Insider Buying and Selling at PrimeEnergy

In other news, major shareholder Rothschild Robert De sold 1,767 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $187.00, for a total value of $330,429.00. Following the completion of the sale, the insider now directly owns 230,757 shares of the company’s stock, valued at approximately $43,151,559. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 62.77% of the stock is currently owned by company insiders.

PrimeEnergy Price Performance

Shares of NASDAQ:PNRG opened at $153.06 on Friday. The company’s fifty day moving average price is $168.90 and its 200 day moving average price is $191.06. PrimeEnergy Corporation has a 12 month low of $104.62 and a 12 month high of $243.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $254.08 million, a P/E ratio of 7.18 and a beta of 0.24.

PrimeEnergy (NASDAQ:PNRG) last announced its quarterly earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 EPS for the quarter. PrimeEnergy had a net margin of 21.73% and a return on equity of 26.67%. The firm had revenue of $50.06 million for the quarter.

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.