Fondren Management LP Invests $298,000 in PrimeEnergy Co. (PNRG) Stock

Fondren Management LP purchased a new stake in shares of PrimeEnergy Co. (NASDAQ:PNRG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,778 shares of the oil and natural gas company’s stock, valued at approximately $298,000.

Separately, Northern Trust Corp lifted its position in shares of PrimeEnergy by 6.8% during the second quarter. Northern Trust Corp now owns 10,624 shares of the oil and natural gas company’s stock worth $500,000 after purchasing an additional 678 shares in the last quarter. Institutional investors own 2.33% of the company’s stock.

PrimeEnergy Co. (PNRG) opened at $50.11 on Wednesday. PrimeEnergy Co. has a 12-month low of $39.80 and a 12-month high of $56.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $109.32, a price-to-earnings ratio of 9.03 and a beta of -0.01.

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PrimeEnergy Profile

PrimeEnergy Corporation is an independent oil and natural gas company. The Company is engaged in acquiring, developing and producing oil and natural gas. It owns producing and non-producing properties located in Texas, Oklahoma, West Virginia, New Mexico, Colorado and Louisiana. All of the Company’s oil and gas properties and interests are located in the United States.

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