30,000 Shares in PHX Minerals Inc. (NYSE:PHX) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new position in shares of PHX Minerals Inc. (NYSE:PHXGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the oil and gas producer’s stock, valued at approximately $91,000.

Several other large investors have also added to or reduced their stakes in PHX. Dimensional Fund Advisors LP boosted its holdings in PHX Minerals by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 513,071 shares of the oil and gas producer’s stock worth $1,570,000 after purchasing an additional 48,270 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in PHX Minerals by 35.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 129,419 shares of the oil and gas producer’s stock worth $396,000 after purchasing an additional 34,176 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in PHX Minerals by 6.3% during the first quarter. Renaissance Technologies LLC now owns 465,853 shares of the oil and gas producer’s stock worth $1,426,000 after purchasing an additional 27,565 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in PHX Minerals by 540.6% during the first quarter. JPMorgan Chase & Co. now owns 31,528 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 26,606 shares during the last quarter. Finally, State Street Corp boosted its holdings in PHX Minerals by 33.2% during the first quarter. State Street Corp now owns 94,706 shares of the oil and gas producer’s stock worth $290,000 after purchasing an additional 23,603 shares during the last quarter. Institutional investors and hedge funds own 35.79% of the company’s stock.

Insider Activity

In related news, major shareholder Edenbrook Capital, Llc acquired 46,598 shares of the company’s stock in a transaction dated Friday, September 23rd. The shares were bought at an average cost of $3.02 per share, with a total value of $140,725.96. Following the completion of the transaction, the insider now directly owns 5,227,918 shares of the company’s stock, valued at $15,788,312.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 88,161 shares of company stock valued at $266,551 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PHX has been the topic of several analyst reports. StockNews.com initiated coverage on shares of PHX Minerals in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet raised shares of PHX Minerals from a “d+” rating to a “c” rating in a research report on Thursday, August 25th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $6.00 price target on shares of PHX Minerals in a research report on Monday, October 3rd.

PHX Minerals Stock Performance

NYSE PHX opened at $3.57 on Monday. The firm has a market capitalization of $130.07 million, a P/E ratio of 18.79 and a beta of 0.70. The firm’s fifty day moving average price is $3.64 and its two-hundred day moving average price is $3.46. PHX Minerals Inc. has a 1 year low of $2.07 and a 1 year high of $4.98. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

PHX Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 23rd will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, November 22nd. PHX Minerals’s payout ratio is presently 42.11%.

About PHX Minerals

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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. As of September 30, 2021, the company owned perpetual ownership of 251,600 net mineral acres; leased 18,298 net acres; and held working interests and royalty interests in 6,457 producing oil and natural gas wells, as well as had 277 wells in the process of being drilled or completed.

See Also

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Institutional Ownership by Quarter for PHX Minerals (NYSE:PHX)

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