Heritage Investors Management Corp Has $572,000 Holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG)

Heritage Investors Management Corp lessened its position in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,377 shares of the oil and natural gas company’s stock after selling 218 shares during the period. Heritage Investors Management Corp owned about 0.30% of PrimeEnergy Resources worth $572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PNRG. Janney Montgomery Scott LLC boosted its holdings in PrimeEnergy Resources by 21.4% during the third quarter. Janney Montgomery Scott LLC now owns 6,060 shares of the oil and natural gas company’s stock worth $703,000 after purchasing an additional 1,067 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of PrimeEnergy Resources by 10.5% during the 4th quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock worth $447,000 after buying an additional 400 shares during the last quarter. Strs Ohio grew its holdings in shares of PrimeEnergy Resources by 5.9% in the 4th 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. Lauer Wealth LLC acquired a new stake in shares of PrimeEnergy Resources in the fourth quarter valued at about $300,000. Finally, Bank of New York Mellon Corp bought a new stake in PrimeEnergy Resources during the third quarter worth about $241,000.

PrimeEnergy Resources Stock Performance

NASDAQ PNRG traded up $0.07 during trading hours on Thursday, hitting $103.98. 474 shares of the company traded hands, compared to its average volume of 1,928. The business’s 50-day moving average is $100.86 and its 200-day moving average is $102.12. The stock has a market capitalization of $186.12 million, a price-to-earnings ratio of 9.66 and a beta of 0.53. PrimeEnergy Resources Co. has a twelve month low of $80.63 and a twelve month high of $120.00.

PrimeEnergy Resources (NASDAQ:PNRG) last released its quarterly earnings data on Monday, April 15th. The oil and natural gas company reported $2.28 EPS for the quarter. PrimeEnergy Resources had a return on equity of 18.66% and a net margin of 22.83%. The company had revenue of $35.51 million during the quarter.

Insiders Place Their Bets

In related news, major shareholder Rothschild Robert De sold 18,000 shares of PrimeEnergy Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $92.00, for a total transaction of $1,656,000.00. Following the completion of the transaction, the insider now owns 295,518 shares in the company, valued at $27,187,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Rothschild Robert De sold 18,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $92.00, for a total value of $1,656,000.00. Following the sale, the insider now owns 295,518 shares in the company, valued at approximately $27,187,656. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $100.15, for a total transaction of $157,035.20. Following the transaction, the director now directly owns 154,195 shares of the company’s stock, valued at $15,442,629.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,810 shares of company stock valued at $2,237,269. 61.07% of the stock is currently owned by corporate insiders.

PrimeEnergy Resources 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.