Geode Capital Management LLC Has $1.02 Million Stake in PHX Minerals Inc. (NYSE:PHX)

Geode Capital Management LLC lifted its stake in PHX Minerals Inc. (NYSE:PHX) by 12.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,568 shares of the oil and gas producer’s stock after purchasing an additional 32,406 shares during the quarter. Geode Capital Management LLC owned 0.81% of PHX Minerals worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC increased its position in PHX Minerals by 5.4% in the 3rd 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new position in PHX Minerals during the second quarter valued at approximately $40,000. Dimensional Fund Advisors LP lifted its stake in PHX Minerals by 5.0% in the second 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 acquiring an additional 78,008 shares during the last quarter. James Investment Research Inc. grew its position in PHX Minerals by 40.9% in the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals during the 3rd quarter worth $44,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research report on Sunday, January 5th. They set a “hold” rating on the stock.

PHX Minerals Trading Down 1.5 %

Shares of PHX stock opened at $3.90 on Friday. The firm has a fifty day moving average of $3.78 and a 200-day moving average of $3.52. The stock has a market cap of $146.18 million, a price-to-earnings ratio of 30.00 and a beta of 0.57. PHX Minerals Inc. has a 52-week low of $2.95 and a 52-week high of $4.08. 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 (NYSE:PHX) last announced its quarterly 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 last year, the business earned $0.07 EPS.

PHX Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s payout ratio is presently 123.08%.

PHX Minerals 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.