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In a recent move that signals confidence in PHX Minerals Inc. (NYSE:PHX), the company’s Senior Vice President and Chief Financial Officer, Raphael D’Amico, has made a notable purchase of the company’s common stock. The transaction, which took place on March 14, 2024, involved the acquisition of 3,500 shares at a price of $3.04 per share, amounting to a total investment of $10,640.
This latest acquisition by D’Amico has increased his total holdings in PHX Minerals to 514,124 shares. It’s worth noting that this figure includes restricted shares, which are subject to vesting based on performance criteria and the passage of time.
PHX Minerals, formerly known as Panhandle Oil & Gas Inc., is a company with a long-standing presence in the crude petroleum and sector. The company is incorporated in Delaware and has its business headquarters in Fort Worth, Texas.
Investors often look to insider transactions such as these for hints about a company’s future prospects. While purchases can suggest confidence in the company’s trajectory, sales might indicate the opposite. In this case, the CFO’s investment represents a positive gesture towards the company’s potential and stability.
The financial details of this transaction have been made publicly available through a Form 4 filing with the Securities and Exchange Commission. This mandatory disclosure is part of the regulatory framework that ensures transparency in the actions of company insiders, providing investors with critical information for their investment decisions.
InvestingPro Insights
PHX Minerals Inc. (NYSE:PHX) has recently been in the spotlight with the company’s Senior Vice President and Chief Financial Officer, Raphael D’Amico, demonstrating his confidence in the firm through the purchase of additional shares. This insider activity aligns with some of the positive signals reflected in the company’s fundamentals as per InvestingPro data. The company boasts an impressive gross profit margin of 85.24% for the last twelve months as of Q4 2023, which underscores its ability to manage costs effectively and maintain profitability.
The stability of PHX is further highlighted by its low price volatility and a consistent dividend payout history, with the company having maintained dividend payments for 41 consecutive years. This track record is not only a testament to its financial health but also its commitment to shareholder returns, currently offering a dividend yield of 3.96%. The company’s liquid assets also exceed its short-term obligations, providing a cushion for operational needs and potential investments.
InvestingPro Tips suggest that PHX Minerals is predicted to be profitable this year, which is supported by the data indicating a strong operating income margin of 46.84% for the same period. For investors seeking further insights and tips on PHX Minerals, InvestingPro offers additional tips that can be accessed at https://www.biedexmarkets.com/pro/PHX. To enrich your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover the numerous additional tips available on InvestingPro.
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