RBF Capital LLC Sells 77,275 Shares of PHX Minerals Inc. (NYSE:PHX)

RBF Capital LLC trimmed its holdings in PHX Minerals Inc. (NYSE:PHX - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 569,860 shares of the oil and gas producer's stock after selling 77,275 shares during the period. RBF Capital LLC owned about 1.52% of PHX Minerals worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in PHX Minerals by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer's stock valued at $7,256,000 after acquiring an additional 86,053 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of PHX Minerals in the fourth quarter valued at approximately $211,000. Truffle Hound Capital LLC purchased a new position in shares of PHX Minerals during the fourth quarter valued at approximately $1,160,000. Y Intercept Hong Kong Ltd bought a new stake in PHX Minerals during the fourth quarter worth $106,000. Finally, Empowered Funds LLC raised its position in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock valued at $541,000 after buying an additional 6,320 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research note on Saturday. They issued a "hold" rating for the company.

PHX Minerals Trading Up 3.5 %

Shares of PHX stock opened at $3.89 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market capitalization of $147.52 million, a price-to-earnings ratio of 29.93 and a beta of 0.12. PHX Minerals Inc. has a 52-week low of $3.09 and a 52-week high of $4.24. The company has a 50-day simple moving average of $3.89 and a two-hundred day simple moving average of $3.83.

PHX Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 4.11%. PHX Minerals's dividend payout ratio (DPR) is currently 266.67%.

About PHX Minerals

PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.

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