In a recent transaction, Christopher M. Powell, the Chief Legal Officer of Solaris Oilfield Infrastructure , Inc. (NYSE:SOI), sold shares of the company's stock. The transaction, which took place on March 15, 2024, involved the sale of 17,500 shares at a price of $8.50 per share, amounting to a total of $148,750.
This sale has adjusted Powell's direct holdings in the company to a total of 130,202 shares. It's noteworthy that this amount includes 105,583 shares of Class A common stock that are linked to Restricted Stock Awards and are still subject to vesting conditions, as specified in the footnotes of the filing.
Solaris Oilfield Infrastructure, Inc., headquartered in Houston, Texas, operates within the oil and gas field machinery and equipment sector. The company's shares are traded under the ticker symbol NYSE:SOI. The sale by Powell was disclosed in compliance with the SEC regulations, and the details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission.
InvestingPro Insights
Amidst the recent sale of shares by Solaris Oilfield Infrastructure's Chief Legal Officer, investors might find it interesting to note that the company's management has been actively buying back shares, as per InvestingPro Tips. This could signal management's confidence in the company's future prospects. Additionally, the company is trading at a low P/E ratio relative to near-term earnings growth, suggesting potential undervaluation when considering its future earnings potential.
From a financial standpoint, Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) presents some compelling metrics. It has a market capitalization of 379.59 million USD and a P/E ratio that stands at 11.22, with an adjusted P/E ratio for the last twelve months as of Q4 2023 being slightly lower at 10.64. These figures underscore the company's profitability and perhaps its attractiveness to value investors. Moreover, the company's dividend yield is 5.65%, with a dividend growth of 14.29% in the last twelve months as of Q4 2023, indicating a strong commitment to returning value to shareholders.
For those looking for more detailed analysis and additional InvestingPro Tips on Solaris Oilfield Infrastructure, you can find them at https://www.investing.com/pro/SOI. There are six more tips available, which could provide further insights into the company's performance and potential investment opportunities. Should you decide to upgrade to a yearly or biyearly Pro and Pro+ subscription, use the coupon code PRONEWS24 to get an additional 10% off.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.