24,569 Shares in PHX Minerals Inc. (NYSE:PHX) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in PHX Minerals Inc. (NYSE:PHX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,569 shares of the oil and gas producer’s stock, valued at approximately $79,000. Cerity Partners LLC owned approximately 0.07% of PHX Minerals at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in PHX Minerals by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,146 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 4,026 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of PHX Minerals by 16.7% during the third quarter. Punch & Associates Investment Management Inc. now owns 1,161,045 shares of the oil and gas producer’s stock worth $4,226,000 after purchasing an additional 165,876 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in shares of PHX Minerals during the third quarter worth approximately $270,000. O Shaughnessy Asset Management LLC bought a new position in shares of PHX Minerals in the 3rd quarter worth $104,000. Finally, Ancora Advisors LLC grew its position in PHX Minerals by 1.5% in the 3rd quarter. Ancora Advisors LLC now owns 321,948 shares of the oil and gas producer’s stock valued at $1,172,000 after purchasing an additional 4,728 shares during the period. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Stock Performance

Shares of PHX stock opened at $3.36 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.05 and a quick ratio of 5.05. The firm has a 50-day moving average of $3.22 and a 200-day moving average of $3.27. PHX Minerals Inc. has a one year low of $2.51 and a one year high of $3.89. The company has a market cap of $125.87 million, a P/E ratio of 8.62 and a beta of 0.59.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings data on Tuesday, March 12th. The oil and gas producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. PHX Minerals had a net margin of 31.31% and a return on equity of 6.78%. The firm had revenue of $8.55 million during the quarter, compared to analyst estimates of $9.40 million. Equities research analysts forecast that PHX Minerals Inc. will post 0.14 EPS for the current fiscal year.

PHX Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.12 annualized dividend and a yield of 3.57%. PHX Minerals’s dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PHX. Stifel Nicolaus lowered their price objective on shares of PHX Minerals from $5.70 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Northland Securities lowered their target price on shares of PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.20.

Insider Buying and Selling at PHX Minerals

In related news, Director Mark T. Behrman purchased 23,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of $3.22 per share, with a total value of $74,060.00. Following the acquisition, the director now owns 173,704 shares of the company’s stock, valued at $559,326.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 27,500 shares of company stock worth $87,920 in the last quarter. 6.40% of the stock is currently owned by company insiders.

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.