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

Mesirow Financial Investment Management Inc. trimmed its position in shares of PHX Minerals Inc. (NYSE:PHX) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.’s holdings in PHX Minerals were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PHX. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals during the second quarter valued at $40,000. James Investment Research Inc. boosted its stake in PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 4,500 shares in the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of PHX Minerals during the second quarter valued at $57,000. Ritholtz Wealth Management boosted its position in 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 buying an additional 8,220 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings 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 worth $387,000 after purchasing an additional 8,575 shares during the last quarter. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

PHX Minerals Stock Up 1.8 %

Shares of PHX opened at $3.40 on Thursday. PHX Minerals Inc. has a 12 month low of $2.95 and a 12 month high of $3.74. The firm has a market cap of $127.43 million, a P/E ratio of 26.23 and a beta of 0.55. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $3.47 and its two-hundred day moving average is $3.35.

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

PHX Minerals Dividend Announcement

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

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.