PHX - Insider Decision: Edenbrook Capital LLC Offloads $4.90M Worth Of PHX Minerals Stock | Benzinga
Revealing a significant insider sell on December 26, Edenbrook Capital LLC, 10% Owner at PHX Minerals (NYSE:PHX), as per the latest SEC filing.
What Happened: After conducting a thorough analysis, LLC sold 1,575,000 shares of PHX Minerals. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $4,898,407.
The latest market snapshot at Wednesday morning reveals PHX Minerals shares down by 0.0%, trading at $3.35.
All You Need to Know About PHX Minerals
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.
Financial Milestones: PHX Minerals's Journey
Decline in Revenue: Over the 3 months period, PHX Minerals faced challenges, resulting in a decline of approximately -47.67% ...