Empowered Funds LLC Acquires 6,566 Shares of PHX Minerals Inc. (NYSE:PHX)

Empowered Funds LLC grew its holdings in PHX Minerals Inc. (NYSE:PHX) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,844 shares of the oil and gas producer’s stock after purchasing an additional 6,566 shares during the period. Empowered Funds LLC owned approximately 0.34% of PHX Minerals worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in PHX Minerals by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after buying an additional 78,008 shares in the last quarter. Ancora Advisors LLC grew its position in shares of PHX Minerals by 52.6% in the first quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock valued at $1,676,000 after purchasing an additional 169,470 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of PHX Minerals by 48.4% during the 1st quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock valued at $1,013,000 after purchasing an additional 96,894 shares during the period. Ritholtz Wealth Management lifted its holdings in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 8,220 shares in the last quarter. Finally, Meixler Investment Management Ltd. bought a new position in PHX Minerals in the 2nd quarter worth about $57,000. Institutional investors own 38.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a report on Monday, November 18th. They issued a “hold” rating on the stock.

PHX Minerals Price Performance

PHX Minerals stock opened at $3.81 on Monday. The business has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $3.37. PHX Minerals Inc. has a 52 week low of $2.95 and a 52 week high of $3.84. The stock has a market cap of $142.80 million, a price-to-earnings ratio of 29.31 and a beta of 0.55. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The company had revenue of $9.14 million during the quarter. During the same quarter in the prior year, the company earned $0.07 earnings per share.

PHX Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Thursday, November 21st. PHX Minerals’s dividend payout ratio is currently 123.09%.

PHX Minerals Company Profile

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.