Published on 19 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: Chief Legal Officer Christopher Powell Sells 17,500 Shares of Solaris Oilfield ...
Solaris Oilfield Infrastructure Inc (NYSE:SOI) recently witnessed an insider sell by its Chief Legal Officer, Christopher Powell. According to the SEC Filing dated March 15, 2024, the insider sold 17,500 shares of the company.Solaris Oilfield Infrastructure Inc is a company that provides infrastructure solutions to the energy industry. The company specializes in the manufacturing and provision of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites. Its services are crucial for hydraulic fracturing operations in the oil and gas industry.Over the past year, Christopher Powell has engaged in the sale of 17,500 shares and has not made any purchases of the company's stock. This latest transaction continues the trend of insider selling activity at Solaris Oilfield Infrastructure Inc, with a total of 5 insider sells and no insider buys reported over the same period.
On the valuation front, shares of Solaris Oilfield Infrastructure Inc were trading at $8.5 on the day of the insider's recent sell, resulting in a market cap of $258.477 million. The price-earnings ratio stands at 11.44, which is above the industry median of 10.53 but below the company's historical median price-earnings ratio.