Wells Fargo & Company MN increased its position in Primeenergy Resources Corp (NASDAQ:PNRG) by 1,261.7% in the first quarter, HoldingsChannel.com reports. The fund owned 640 shares of the oil and natural gas company’s stock after buying an additional 593 shares during the period. Wells Fargo & Company MN’s holdings in Primeenergy Resources were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Marshall Wace North America L.P. acquired a new stake in Primeenergy Resources during the 1st quarter worth about $26,000. JPMorgan Chase & Co. grew its position in Primeenergy Resources by 25.6% during the 1st quarter. JPMorgan Chase & Co. now owns 849 shares of the oil and natural gas company’s stock worth $63,000 after purchasing an additional 173 shares during the period. SG Americas Securities LLC acquired a new stake in Primeenergy Resources during the 1st quarter worth about $148,000. UBS Group AG grew its position in Primeenergy Resources by 19.6% during the 4th quarter. UBS Group AG now owns 1,069 shares of the oil and natural gas company’s stock worth $162,000 after purchasing an additional 175 shares during the period. Finally, Heritage Investors Management Corp grew its position in Primeenergy Resources by 39.7% during the 1st quarter. Heritage Investors Management Corp now owns 3,720 shares of the oil and natural gas company’s stock worth $275,000 after purchasing an additional 1,057 shares during the period. Institutional investors own 6.61% of the company’s stock.
Shares of PNRG opened at $71.25 on Friday. The business’s 50-day moving average is $77.45 and its two-hundred day moving average is $92.59. The company has a market capitalization of $141.79 million, a P/E ratio of 14.55 and a beta of 0.73. Primeenergy Resources Corp has a fifty-two week low of $47.68 and a fifty-two week high of $170.99.
PrimeEnergy Resources Corporation, an independent oil and natural gas company, 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 operations, site-preparation, and construction services for oil and gas drilling and reworking operations.
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