Bank of New York Mellon Corp Has $1.02 Million Stake in PHX Minerals Inc. (NYSE:PHX)

Bank of New York Mellon Corp lifted its stake in PHX Minerals Inc. (NYSE:PHXFree Report) by 1.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 281,146 shares of the oil and gas producer’s stock after purchasing an additional 4,026 shares during the quarter. Bank of New York Mellon Corp’s holdings in PHX Minerals were worth $1,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new stake in PHX Minerals during the 1st quarter worth about $27,000. UBS Group AG increased its stake in PHX Minerals by 129.3% in the 1st quarter. UBS Group AG now owns 11,327 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 6,387 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of PHX Minerals in the 1st quarter worth approximately $33,000. Advisor Group Holdings Inc. raised its holdings in shares of PHX Minerals by 900.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,000 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 9,000 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in PHX Minerals during the 3rd quarter valued at $40,000. 35.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Edenbrook Capital, Llc sold 1,575,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $3.11, for a total transaction of $4,898,250.00. Following the sale, the insider now directly owns 3,679,546 shares in the company, valued at approximately $11,443,388.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target on shares of PHX Minerals from $5.70 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

View Our Latest Report on PHX Minerals

PHX Minerals Trading Down 1.3 %

Shares of PHX stock opened at $3.00 on Friday. PHX Minerals Inc. has a 12-month low of $2.33 and a 12-month high of $3.89. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $3.25 and its 200 day moving average is $3.38. The stock has a market capitalization of $111 million, a P/E ratio of 7.32 and a beta of 0.59.

PHX Minerals (NYSE:PHXGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. PHX Minerals had a net margin of 28.95% and a return on equity of 6.66%. The business had revenue of $8.90 million for the quarter, compared to the consensus estimate of $9.20 million. Research analysts expect that PHX Minerals Inc. will post 0.2 earnings per share for the current year.

About PHX Minerals

(Free Report)

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. It sells its products to various purchasers, including pipeline and marketing companies.

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

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