Bank of America Corp DE Buys 4,465 Shares of PHX Minerals Inc. (NYSE:PHX)

Bank of America Corp DE boosted its stake in shares of PHX Minerals Inc. (NYSE:PHX) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,636 shares of the oil and gas producer’s stock after purchasing an additional 4,465 shares during the quarter. Bank of America Corp DE owned about 0.10% of PHX Minerals worth $143,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in PHX Minerals during the fourth quarter worth approximately $181,000. Truffle Hound Capital LLC bought a new stake in PHX Minerals during the fourth quarter worth approximately $1,160,000. Dimensional Fund Advisors LP boosted its position in PHX Minerals by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock worth $7,256,000 after purchasing an additional 86,053 shares during the period. Empowered Funds LLC lifted its holdings 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 worth $541,000 after buying an additional 6,320 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of PHX Minerals during the fourth quarter worth approximately $106,000. Institutional investors own 38.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PHX shares. Johnson Rice lowered PHX Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Wall Street Zen started coverage on PHX Minerals in a report on Wednesday, May 21st. They set a “hold” rating for the company.

PHX Minerals Stock Up 0.3%

Shares of PHX stock opened at $4.35 on Tuesday. The stock has a 50 day moving average of $4.05 and a 200-day moving average of $3.98. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The firm has a market cap of $164.77 million, a PE ratio of 33.43 and a beta of 0.05. PHX Minerals Inc. has a 12 month low of $3.09 and a 12 month high of $4.35.

PHX Minerals (NYSE:PHX) last issued its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.04 by $0.08. The firm had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $10.26 million. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%.

PHX Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.68%. PHX Minerals’s payout ratio is presently 84.21%.

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.