Bank of New York Mellon Corp Cuts Stake in PHX Minerals Inc. (NYSE:PHX)

Bank of New York Mellon Corp cut its position in PHX Minerals Inc. (NYSE:PHX) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 233,967 shares of the oil and gas producer’s stock after selling 51,074 shares during the period. Bank of New York Mellon Corp’s holdings in PHX Minerals were worth $936,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PHX. Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals in the 4th quarter worth $106,000. Empowered Funds LLC boosted its position in shares of PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after buying an additional 6,320 shares during the last quarter. Barclays PLC bought a new stake in PHX Minerals in the 3rd quarter worth about $37,000. Geode Capital Management LLC increased its holdings in PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 32,406 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals in the 3rd quarter worth about $44,000. 38.19% of the stock is owned by hedge funds and other institutional investors.

PHX Minerals Trading Down 0.2 %

Shares of PHX stock opened at $4.10 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals Inc. has a 12-month low of $3.09 and a 12-month high of $4.24. The stock has a market capitalization of $155.48 million, a P/E ratio of 31.54 and a beta of 0.51. The firm’s 50 day moving average is $3.98 and its 200 day moving average is $3.77.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.90%. PHX Minerals’s dividend payout ratio (DPR) is currently 266.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a report on Wednesday. They set a “hold” rating on the stock.

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.