The chief financial officer of oil and natural gas producer Parallel Petroleum Corp. sold 10,863 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Steven D. Foster reported he sold the shares Friday for $17.65.

Oil and natural-gas producer Parallel Petroleum Corp. on Wednesday posted a second-quarter profit, reversing a year-ago loss, as sales of oil and gas more than doubled on increased production volume and higher oil prices.
The company, which drills oil and gas from onshore fields in the U.S., said earnings totaled $2.5 million, or 7 cents per [...]