Mesirow Financial Investment Management Inc. Sells 10,221 Shares of PHX Minerals Inc. (NYSE:PHX)

Mesirow Financial Investment Management Inc. trimmed its position in PHX Minerals Inc. (NYSE:PHX) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,972 shares of the oil and gas producer’s stock after selling 10,221 shares during the period. Mesirow Financial Investment Management Inc. owned 0.13% of PHX Minerals worth $159,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals in the 2nd quarter valued at $40,000. James Investment Research Inc. lifted its stake in PHX Minerals by 40.9% in the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 4,500 shares during the period. Meixler Investment Management Ltd. bought a new stake in shares of PHX Minerals during the 2nd quarter valued at about $57,000. Ritholtz Wealth Management boosted its position in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 8,220 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of PHX Minerals by 8.2% during the first quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer’s stock valued at $387,000 after purchasing an additional 8,575 shares in the last quarter. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

PHX Minerals Stock Up 1.8 %

PHX stock opened at $3.40 on Thursday. PHX Minerals Inc. has a 1-year low of $2.95 and a 1-year high of $3.74. The business has a fifty day moving average price of $3.47 and a 200-day moving average price of $3.35. The stock has a market capitalization of $127.43 million, a P/E ratio of 26.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

PHX Minerals (NYSE:PHX) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $9.14 million for the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same quarter last year, the firm earned $0.07 earnings per share.

PHX Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, November 21st. PHX Minerals’s payout ratio is 123.09%.

Wall Street Analyst Weigh In

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

PHX Minerals 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.