On December 10, 2024, John Alban, a Director at NXG Cushing Midstream Energy Fund, sold 1,090 shares of the company. Following this transaction, the insider now owns 0 shares of the company. The details of this transaction can be found in the SEC Filing.
NXG Cushing Midstream Energy Fund (SRV, Financial) is a closed-end management investment company. The fund's investment objective is to seek a high total return with an emphasis on current income. It primarily invests in a portfolio of midstream energy companies, which are involved in the transportation, storage, and processing of energy resources.
Over the past year, John Alban has sold a total of 2,090 shares and has not purchased any shares. The insider transaction history for NXG Cushing Midstream Energy Fund indicates that there have been 4 insider buys and 2 insider sells over the past year.
On the day of the recent sale, shares of NXG Cushing Midstream Energy Fund were trading at $44.76 each, giving the stock a market cap of $134.403 million. The company's price-earnings ratio is 3.73, which is lower than the industry median of 10.92 and also lower than the company’s historical median price-earnings ratio.
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