Clint Hurt Amends PNRG Stake to 8.58%, Holding 155,763 Shares
Ticker: PNRG · Form: SC 13D/A · Filed: Feb 5, 2024 · CIK: 56868
| Field | Detail |
|---|---|
| Company | Primeenergy Resources Corp (PNRG) |
| Form Type | SC 13D/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**Clint Hurt now owns 8.58% of PNRG, holding 155,763 shares as of Feb 5, 2024.**
AI Summary
Clint Hurt, a significant shareholder in PrimeEnergy Resources Corporation (PNRG), filed an amended Schedule 13D/A on February 5, 2024, updating his beneficial ownership to 155,763 shares, representing 8.58% of the company's common stock. This filing indicates a slight decrease in his reported percentage ownership from previous filings, suggesting a potential shift in his investment strategy or a change in the total outstanding shares. For investors, this matters because a major shareholder's updated position can signal their confidence (or lack thereof) in the company's future, potentially influencing market perception and stock performance.
Why It Matters
This filing updates the public record on a key insider's stake, providing transparency into Clint Hurt's current influence and investment in PrimeEnergy Resources Corporation.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and does not indicate any immediate new risks or significant changes in company control.
Analyst Insight
Investors should note Clint Hurt's continued significant ownership, which suggests a long-term interest in PrimeEnergy Resources Corporation. While not a controlling stake, his position could influence strategic decisions. Monitor future 13D filings for any substantial changes in his ownership, which could signal shifts in his outlook on the company.
Key Numbers
- 155,763 — Shares Beneficially Owned (This is the total number of shares Clint Hurt has sole voting and dispositive power over, including 300 direct and 155,463 indirect shares.)
- 8.58% — Percentage of Class (This represents Clint Hurt's total ownership percentage of PrimeEnergy Resources Corporation's common stock.)
Key Players & Entities
- Clint Hurt (person) — Reporting Person, beneficial owner of PrimeEnergy Resources Corporation shares
- PrimeEnergy Resources Corporation (company) — The Issuer of the securities being reported on (PNRG)
- 155,763 (dollar_amount) — Number of shares beneficially owned by Clint Hurt
- 8.58% (dollar_amount) — Percentage of class represented by Clint Hurt's beneficial ownership
- February 5, 2024 (date) — Date of event requiring the filing of this statement
Forward-Looking Statements
- Clint Hurt will maintain a significant, but not controlling, stake in PrimeEnergy Resources Corporation. (Clint Hurt) — high confidence, target: 2025-02-05
FAQ
Who is the reporting person in this SC 13D/A filing?
The reporting person in this SC 13D/A filing is Clint Hurt, whose address is 1701 ILLINOIS STREET, MIDLAND, TX 79701.
What is the name of the issuer whose securities are being reported on?
The issuer is PrimeEnergy Resources Corporation, with the title of class of securities being Common Stock, $0.10 par value, and CUSIP Number 74158E104.
How many shares does Clint Hurt beneficially own, and what percentage of the class does this represent?
Clint Hurt beneficially owns 155,763 shares, which represents 8.58% of the class of PrimeEnergy Resources Corporation's common stock, as stated in rows 11 and 13 of the filing.
What is the breakdown of Clint Hurt's beneficial ownership?
Clint Hurt's beneficial ownership includes 300 direct shares, over which he has sole voting and investment power, and 155,463 indirect shares, as noted in footnote (1) of the filing.
When was the event date that required this amendment to be filed?
The date of the event which required the filing of this statement was February 5, 2024.
Filing Stats: 1,061 words · 4 min read · ~4 pages · Grade level 10.6 · Accepted 2024-02-05 17:16:34
Key Financial Figures
- $0.10 — tion (Name of Issuer) Common Stock, $0.10 par value (Title of Class of Securiti
Filing Documents
- churt20240205_sc13da.htm (SC 13D/A) — 47KB
- 0001437749-24-003139.txt ( ) — 49KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement as of February 5, 2024. By: /s/ Clint Hurt Clint Hurt