Rothschild Robert De Sells 1,149 Shares of PrimeEnergy (NASDAQ:PNRG) Stock

PrimeEnergy Corporation (NASDAQ:PNRG) major shareholder Rothschild Robert De sold 1,149 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $186.75, for a total transaction of $214,575.75. Following the completion of the sale, the insider directly owned 200,757 shares in the company, valued at approximately $37,491,369.75. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Rothschild Robert De also recently made the following trade(s):

• On Friday, January 30th, Rothschild Robert De sold 10,000 shares of PrimeEnergy stock. The shares were sold at an average price of $181.81, for a total value of $1,818,100.00.
• On Thursday, January 29th, Rothschild Robert De sold 10,151 shares of PrimeEnergy stock. The shares were sold at an average price of $186.19, for a total transaction of $1,890,014.69.
• On Tuesday, January 13th, Rothschild Robert De sold 8,700 shares of PrimeEnergy stock. The shares were sold at an average price of $182.85, for a total transaction of $1,590,795.00.

PrimeEnergy Trading Down 0.0%

NASDAQ PNRG traded down $0.06 during trading hours on Monday, reaching $192.97. 47,880 shares of the company’s stock were exchanged, compared to its average volume of 57,345. The firm has a fifty day moving average of $177.49 and a 200-day moving average of $164.79. PrimeEnergy Corporation has a one year low of $126.40 and a one year high of $238.20. The stock has a market cap of $314.54 million, a PE ratio of 18.47 and a beta of -0.03.

PrimeEnergy (NASDAQ:PNRG) last announced its earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share for the quarter. PrimeEnergy had a return on equity of 12.19% and a net margin of 12.69%.The company had revenue of $44.66 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PNRG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PrimeEnergy in a report on Monday, December 29th. Wall Street Zen raised 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 MarketBeat.com, PrimeEnergy presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On PrimeEnergy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of PrimeEnergy by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 13,132 shares of the oil and natural gas company’s stock valued at $2,247,000 after buying an additional 1,504 shares during the period. UBS Group AG lifted its holdings in PrimeEnergy by 21.1% during the fourth quarter. UBS Group AG now owns 13,823 shares of the oil and natural gas company’s stock worth $2,364,000 after acquiring an additional 2,411 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in PrimeEnergy in the fourth quarter valued at about $636,000. Flagship Harbor Advisors LLC acquired a new position in PrimeEnergy in the fourth quarter valued at about $52,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of PrimeEnergy by 6,756.6% in the third quarter. JPMorgan Chase & Co. now owns 17,210 shares of the oil and natural gas company’s stock worth $2,875,000 after acquiring an additional 16,959 shares in the last 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. 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.