Rex Energy: Exec Insiders and Funds Buying Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Rex Energy Corporation (NASDAQ:REXX).

SEC data indicate these insiders have bought Rex Energy Corporation’s stock since 06/30/2011:

  • Pratt David E: act as Sr. VP of Exploration. On 08/11/2011, bought 7,000 shares, worth $80,800.
  • Stabley Thomas Charles: act as CEO and CFO. On 11/09/2011, bought 1,500 shares, worth $24,700.

SEC data indicate that these institutions significantly increased their stock shares of Rex Energy Corporation in Q3 2011:

  • LORD ABBETT & CO LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,340,862 shares, worth $29,611,904.
  • VOLLERO BEACH CAPITAL PARTNERS, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 658,003 shares, worth $8,323,738.
  • KENNEDY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 325,726 shares, worth $4,120,434.
  • CASTLEARK MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 269,200 shares, worth $3,405,380.
  • DRIEHAUS CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 269,060 shares, worth $3,403,609.

About the company: Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States.

Competitors to Watch: Atlas Energy, Inc. (NASDAQ:ATLS), NGAS Resources, Inc. (NASDAQ:NGAS), BreitBurn Energy Partners L.P. (NASDAQ:BBEP), Range Resources Corp. (NYSE:RRC), EV Energy Partners, L.P. (NASDAQ:EVEP), Vanguard Natural Resources, LLC (NYSE:VNR), New Concept Energy, Inc. (AMEX:GBR), Magnum Hunter Resources Corp (NYSE:MHR), Linn Energy, LLC (NASDAQ:LINE), and Approach Resources Inc. (NASDAQ:AREX).

(Note: Data regarding Rex Energy Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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