Rex Energy Corporation (NASDAQ:REXX), saw a high level insider alter their holdings with the company through two transactions that began earlier this week and were officially filed today, August 29th. Chief Financial Officer Michael L. Hodges bought a total of 800 shares (500 and 300) at average prices ranging from $15.05 to $15.2 per share. Moreover, following the execution of these moves, Hodges has 145,640 shares invested directly with the company.
As well, Rex Energy Corporation (NASDAQ:REXX), an $822.34 million market cap corporation, operates as an independent oil and gas company operating in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale drilling projects and Utica Shale and Upper Devonian Shale exploration activities. In the Illinois Basin, it is focused on the implementation of enhanced oil recovery on its properties, as well as conventional oil production.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.