Stifel Financial Corp Sells 30,500 Shares of PHX Minerals Inc. (NYSE:PHX)

Stifel Financial Corp lowered its position in PHX Minerals Inc. (NYSE:PHX) by 39.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,050 shares of the oil and gas producer’s stock after selling 30,500 shares during the period. Stifel Financial Corp owned about 0.13% of PHX Minerals worth $159,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. James Investment Research Inc. raised its holdings in PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the period. Empowered Funds LLC raised its holdings 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 acquiring an additional 6,566 shares during the period. Ritholtz Wealth Management lifted its position in PHX Minerals by 36.5% in the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 8,220 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in PHX Minerals in the 2nd quarter worth $40,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Price Performance

NYSE PHX opened at $3.97 on Tuesday. The firm’s 50 day moving average is $3.72 and its 200-day moving average is $3.48. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $148.80 million, a PE ratio of 30.54 and a beta of 0.58. PHX Minerals Inc. has a 12-month low of $2.95 and a 12-month high of $4.08.

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

PHX Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a yield of 4.03%. PHX Minerals’s dividend payout ratio is 123.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on PHX Minerals in a report on Saturday. They issued a “hold” rating on the stock.

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.