Russell Investments Group Ltd. lessened its position in PHX Minerals Inc. (NYSE:PHX - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,798 shares of the oil and gas producer's stock after selling 69,202 shares during the quarter. Russell Investments Group Ltd. owned about 1.20% of PHX Minerals worth $1,799,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in PHX Minerals during the third quarter worth approximately $37,000. Truffle Hound Capital LLC purchased a new position in PHX Minerals during the fourth quarter worth about $1,160,000. Geode Capital Management LLC raised its holdings in PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock valued at $1,023,000 after acquiring an additional 32,406 shares in the last quarter. Empowered Funds LLC grew its position in shares of PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock worth $541,000 after acquiring an additional 6,320 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals during the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 38.19% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research report on Saturday, April 19th. They issued a "hold" rating on the stock.
Read Our Latest Stock Analysis on PHX Minerals
PHX Minerals Trading Down 0.3 %
NYSE PHX traded down $0.01 during mid-day trading on Thursday, reaching $3.93. 4,789 shares of the stock were exchanged, compared to its average volume of 61,377. PHX Minerals Inc. has a 1-year low of $3.09 and a 1-year high of $4.24. The business's fifty day simple moving average is $3.89 and its 200 day simple moving average is $3.83. The stock has a market capitalization of $149.03 million, a PE ratio of 30.23 and a beta of 0.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19.
PHX Minerals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Monday, March 17th. PHX Minerals's payout ratio is 266.67%.
About PHX Minerals
(
Free Report)
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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