PHX Minerals Inc. (NYSE:PHX) Director Purchases $74,060.00 in Stock

PHX Minerals Inc. (NYSE:PHX) Director Mark T. Behrman purchased 23,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $3.22 per share, for a total transaction of $74,060.00. Following the completion of the purchase, 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 available at this hyperlink.

PHX Minerals Stock Performance

Shares of PHX stock opened at $3.41 on Friday. The stock’s 50-day moving average is $3.09 and its two-hundred day moving average is $3.31. The firm has a market cap of $127.67 million, a price-to-earnings ratio of 8.74 and a beta of 0.57. PHX Minerals Inc. has a 1 year low of $2.51 and a 1 year high of $3.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.05 and a current ratio of 5.05.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings data on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $8.55 million for the quarter, compared to analyst estimates of $9.40 million. PHX Minerals had a return on equity of 6.78% and a net margin of 31.31%. Analysts predict that PHX Minerals Inc. will post 0.22 earnings per share for the current year.

PHX Minerals Announces Dividend

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

Hedge Funds Weigh In On PHX Minerals

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of PHX Minerals by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 281,146 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 4,026 shares during the last quarter. BlackRock Inc. grew its holdings in shares of PHX Minerals by 1.2% during the first quarter. BlackRock Inc. now owns 368,918 shares of the oil and gas producer’s stock worth $967,000 after buying an additional 4,220 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of PHX Minerals by 25.8% during the fourth quarter. Jane Street Group LLC now owns 21,479 shares of the oil and gas producer’s stock worth $84,000 after buying an additional 4,402 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of PHX Minerals by 1.5% during the third quarter. Ancora Advisors LLC now owns 321,948 shares of the oil and gas producer’s stock worth $1,172,000 after buying an additional 4,728 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of PHX Minerals by 4.6% during the second quarter. Stifel Financial Corp now owns 113,279 shares of the oil and gas producer’s stock worth $353,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 38.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus cut their price target on PHX Minerals from $5.70 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Northland Securities cut their price target on PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a research note on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.20.

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.