RBF Capital LLC Reduces Stake in PHX Minerals Inc. (NYSE:PHX)

RBF Capital LLC lowered its stake in shares of PHX Minerals Inc. (NYSE:PHX) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,860 shares of the oil and gas producer’s stock after selling 77,275 shares during the period. RBF Capital LLC’s holdings in PHX Minerals were worth $2,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in PHX Minerals by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock worth $7,256,000 after buying an additional 86,053 shares during the last quarter. Geode Capital Management LLC increased its holdings in PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 32,406 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in PHX Minerals in the 4th quarter valued at about $1,160,000. Empowered Funds LLC lifted its holdings in PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after purchasing an additional 6,320 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in PHX Minerals during the fourth quarter worth about $211,000. Institutional investors own 38.19% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of PHX Minerals in a research note on Saturday. They set a “hold” rating on the stock.

PHX Minerals Trading Up 3.5 %

NYSE:PHX opened at $3.89 on Wednesday. The company has a market cap of $147.52 million, a P/E ratio of 29.93 and a beta of 0.12. PHX Minerals Inc. has a 1 year low of $3.09 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The stock’s fifty day moving average price is $3.89 and its two-hundred day moving average price is $3.83.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 4.11%. PHX Minerals’s dividend payout ratio is currently 266.67%.

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.