Kevin G. Hurst, Vice President Gulf of Mexico Shelf and Deepwater Gas at Stone Energy Corporation (NYSE:SGY) disclosed the disposal of 3,000 shares of common stock in the open market at a unit price of $33 on November 6, 2014. This is Mr. Hurt’s second sale this year, so far the only insider selling the stock, and now directly owns a total of 41,369 shares.
Howard Marks’ Oaktree Capital Management is the largest shareholding institution (amongst those we track) at Stone Energy Corporation (NYSE:SGY) with close to 72 million shares, valued at an estimate $91 million, after reporting an 11% holding reduction at the end of the second filling period of 2014.
Stone Energy Corporation (NYSE:SGY) is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company is operating in the Gulf Coast Basin.
Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.