Stifel Financial Corp Has $159,000 Position in PHX Minerals Inc. (NYSE:PHX)

Stifel Financial Corp lessened its stake in shares of PHX Minerals Inc. (NYSE:PHX) by 39.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,050 shares of the oil and gas producer’s stock after selling 30,500 shares during the quarter. Stifel Financial Corp’s holdings in PHX Minerals were worth $159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in PHX Minerals in the 2nd quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals in the third quarter valued at about $44,000. James Investment Research Inc. boosted its position in shares of 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 valued at $52,000 after acquiring an additional 4,500 shares during the period. Ritholtz Wealth Management grew its stake in shares of PHX Minerals by 36.5% in the second 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 increased its position in PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after acquiring an additional 6,566 shares during the period. Institutional investors own 38.19% of the company’s stock.

PHX Minerals Stock Performance

NYSE:PHX opened at $3.97 on Tuesday. The company has a market cap of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.58. PHX Minerals Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $4.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a fifty day moving average price of $3.72 and a 200-day moving average price of $3.48.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $9.14 million during the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same period in the previous year, the business posted $0.07 earnings per share.

PHX Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 4.03%. PHX Minerals’s dividend payout ratio is 123.08%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a report on Saturday. They issued a “hold” rating for the company.

About PHX Minerals

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.