290,000 Shares in PHX Minerals Inc. (NYSE:PHX) Acquired by Truffle Hound Capital LLC

Truffle Hound Capital LLC bought a new position in PHX Minerals Inc. (NYSE:PHX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 290,000 shares of the oil and gas producer’s stock, valued at approximately $1,160,000.

A number of other hedge funds also recently bought and sold shares of PHX. Barclays PLC bought a new stake in PHX Minerals in the 3rd quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in PHX Minerals in the 3rd quarter worth approximately $44,000. Y Intercept Hong Kong Ltd bought a new stake in PHX Minerals in the fourth quarter valued at approximately $106,000. Empowered Funds LLC lifted its position in PHX Minerals by 5.4% in the third 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 during the last quarter. Finally, Geode Capital Management LLC lifted its position in PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Institutional investors own 38.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on PHX Minerals in a research report on Tuesday. They issued a “hold” rating for the company.

PHX Minerals Stock Performance

Shares of PHX stock opened at $4.07 on Friday. 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 Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $4.24. The stock has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $3.76. The company has a market capitalization of $154.34 million, a P/E ratio of 31.31 and a beta of 0.51.

PHX Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 3.93%. PHX Minerals’s payout ratio is currently 266.67%.

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.