Truffle Hound Capital LLC purchased a new position in shares of PHX Minerals Inc. (NYSE:PHX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 290,000 shares of the oil and gas producer's stock, valued at approximately $1,160,000. Truffle Hound Capital LLC owned approximately 0.77% of PHX Minerals as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock valued at $1,023,000 after buying an additional 32,406 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals during the fourth quarter worth $106,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals during the third quarter valued at $44,000. Barclays PLC acquired a new stake in shares of PHX Minerals in the third quarter valued at about $37,000. Finally, Empowered Funds LLC increased its stake in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer's stock worth $435,000 after purchasing an additional 6,566 shares in the last quarter. Institutional investors and hedge funds own 38.19% of the company's stock.
PHX Minerals Price Performance
Shares of NYSE:PHX traded up $0.06 during trading on Wednesday, reaching $4.04. The stock had a trading volume of 36,895 shares, compared to its average volume of 58,687. The business has a fifty day moving average price of $3.98 and a 200-day moving average price of $3.77. 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 stock has a market cap of $153.20 million, a PE ratio of 31.08 and a beta of 0.51. PHX Minerals Inc. has a 1-year low of $3.09 and a 1-year high of $4.24.
PHX Minerals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Monday, March 17th. PHX Minerals's dividend payout ratio (DPR) is 266.67%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of PHX Minerals in a research note on Wednesday. They issued a "hold" rating on the stock.
Read Our Latest Stock Report on PHX
PHX Minerals Company Profile
(
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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