Ritholtz Wealth Management Has $114,000 Position in PHX Minerals Inc. (NYSE:PHX)

Ritholtz Wealth Management increased its stake in PHX Minerals Inc. (NYSE:PHXFree Report) by 220.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,438 shares of the oil and gas producer’s stock after purchasing an additional 24,378 shares during the quarter. Ritholtz Wealth Management owned approximately 0.10% of PHX Minerals worth $114,000 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 stock. Dimensional Fund Advisors LP lifted its holdings in PHX Minerals by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,261,395 shares of the oil and gas producer’s stock worth $3,935,000 after purchasing an additional 34,810 shares during the last quarter. Vanguard Group Inc. lifted its holdings in PHX Minerals by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,219,070 shares of the oil and gas producer’s stock worth $3,950,000 after purchasing an additional 11,400 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in PHX Minerals by 16.7% in the 3rd 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 buying an additional 165,876 shares during the period. Renaissance Technologies LLC increased its position in PHX Minerals by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 475,933 shares of the oil and gas producer’s stock worth $1,447,000 after buying an additional 10,080 shares during the period. Finally, BlackRock Inc. increased its position in PHX Minerals by 1.5% in the 1st quarter. BlackRock Inc. now owns 416,606 shares of the oil and gas producer’s stock worth $1,275,000 after buying an additional 6,046 shares during the period. 38.19% of the stock is currently owned by institutional investors and hedge funds.

PHX Minerals Stock Performance

PHX opened at $3.41 on Thursday. The stock has a market cap of $127.67 million, a PE ratio of 8.74 and a beta of 0.59. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.27. PHX Minerals Inc. has a 1 year low of $2.51 and a 1 year high of $3.89. The stock’s 50 day simple moving average is $3.11 and its 200-day simple moving average is $3.31.

PHX Minerals (NYSE:PHXGet Free Report) last released its quarterly earnings data on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $8.55 million for the quarter, compared to analysts’ expectations of $9.40 million. PHX Minerals had a return on equity of 6.78% and a net margin of 31.31%. Sell-side analysts forecast that PHX Minerals Inc. will post 0.22 EPS for the current year.

PHX Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, March 15th. PHX Minerals’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

PHX has been the topic of several recent analyst reports. Northland Securities dropped their price target on PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Stifel Nicolaus dropped their price target on PHX Minerals from $5.70 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, PHX Minerals has an average rating of “Moderate Buy” and an average price target of $5.20.

Read Our Latest Report on PHX

Insider Activity

In related news, Director Mark T. Behrman purchased 23,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $3.22 per share, with a total value of $74,060.00. Following the purchase, the director now directly owns 173,704 shares in the company, valued at $559,326.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have bought 27,500 shares of company stock worth $87,920. Company insiders own 4.70% of the company’s stock.

PHX Minerals Profile

(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. The company sells its products to various purchasers, including pipeline and marketing companies.

Read More

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

Receive News & Ratings for PHX Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHX Minerals and related companies with MarketBeat.com's FREE daily email newsletter.