PrimeEnergy Resources insider Robert de Rothschild sells $1.54 million in stock

Published 13/02/2025, 00:04
PrimeEnergy Resources insider Robert de Rothschild sells $1.54 million in stock

Robert de Rothschild, a significant shareholder of PrimeEnergy Resources Corp (NASDAQ:PNRG), has recently sold shares worth approximately $1.54 million, according to a regulatory filing dated February 12, 2025. The sale comes as PNRG trades near $196.51, following a remarkable 106% gain over the past year, though the stock has declined about 8% in the past week, according to InvestingPro data. The transactions occurred over three consecutive days, from February 10 to February 12, with shares sold at prices ranging from $197.31 to $203.92.

On February 10, de Rothschild sold 1,337 shares at a weighted average price of $203.92. The following day, he sold 4,387 shares at a weighted average price of $201.54. The final transaction on February 12 involved the sale of 1,970 shares at a weighted average price of $197.31. After these transactions, de Rothschild holds 241,834 shares indirectly through Amrace Inc., as noted in the filing. The company currently trades at a P/E ratio of 5.96 and maintains a "GREAT" financial health score.

These sales were executed at varying prices, and de Rothschild has committed to providing full details of each transaction upon request. For comprehensive insider trading analysis and additional insights, InvestingPro subscribers can access 7 more key tips about PNRG’s current market position and future outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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