Barclays PLC Takes $37,000 Position in PHX Minerals Inc. (NYSE:PHX)

Barclays PLC bought a new stake in PHX Minerals Inc. (NYSE:PHX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,960 shares of the oil and gas producer’s stock, valued at approximately $37,000.

Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of PHX Minerals in the 2nd quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the 3rd quarter valued at about $44,000. James Investment Research Inc. raised its stake in shares of PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 shares in the last quarter. Empowered Funds LLC raised its stake in shares of 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 valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 78,008 shares in the last quarter. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Price Performance

PHX opened at $3.97 on Friday. The firm has a market cap of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.57. PHX Minerals Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $4.08. The company’s 50-day moving average price is $3.79 and its 200 day moving average price is $3.52. 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 released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same quarter last year, the business posted $0.07 EPS.

PHX Minerals Dividend Announcement

The company also recently announced 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 4.03%. The ex-dividend date was Thursday, November 21st. PHX Minerals’s dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of PHX Minerals in a research note on Sunday, January 5th. 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.