LP Energy Guill & Edelman, one of the largest shareholders at Constellation Energy Partners LLC (NYSEARCA:CEP), unloaded a large bulk of stock yesterday. The 96,000 shares of Common Units were sold indirectly through the PostRock Energy Corporation, at a price of $2.49 per share. The disposition was also executed in two days, yesterday being the most important sale of 95,556 shares.
This sale is one of many larger dispositions completed by the shareholder over the past month. A week ago, LP Energy sold 202,200 shares of Common Stock for $2.41 per share, while unloading 74,016 shares for the same price just the day before. After yesterday’s sale, the shareholder still holds a total of 4.4 million shares of the oil and gas firm.
However, this fiscal year also showed some insider purchases at Constellation Energy, the most recent being Lp Partners Energy Sanchez, Director and large shareholder at the company, who purchased 414,938 shares for $2.41 at the end of March.