Whiting Petroleum Corp (WLL) Insider Lowers Exposure To The Company

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Whiting Petroleum Corp (NYSE:WLL), saw an insider lower his position in the company through a transaction that began Wednesday, July 16th, and was filed today, the 18th. Director Sherwin P. Artus disposed of 1,000 shares of common stock in the company at an average price of $87.5 per share. Following the completion of this transaction, Artus now holds 43,366 shares directly, while having 1,000 shares indirectly invested in the corporation.
Whiting Petroleum Corp (NYSE:WLL), a $10.55 billion market cap company is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States.
In addition, there is hedge fund involvement with the company. John Paulson‘s Paulson & Co hedge fund reported a 9% decrease last quarter, and now holds 9,447,200 shares worth about $655.5 million; while Steven Cohen‘s Sac Capital Advisors rose it’s activity by 23% last quarter, and now has 2,588,449 shares worth approximately $179.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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