Raphael D’amico Acquires 3,000 Shares of PHX Minerals Inc. (NYSE:PHX) Stock

PHX Minerals Inc. (NYSE:PHX) CFO Raphael D’amico bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $3.34 per share, for a total transaction of $10,020.00. Following the transaction, the chief financial officer now owns 517,124 shares in the company, valued at approximately $1,727,194.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Raphael D’amico also recently made the following trade(s):

• On Thursday, March 14th, Raphael D’amico bought 3,500 shares of PHX Minerals stock. The stock was purchased at an average cost of $3.04 per share, for a total transaction of $10,640.00.

PHX Minerals Stock Down 0.6 %

PHX stock traded down $0.02 during mid-day trading on Thursday, reaching $3.25. The company had a trading volume of 48,620 shares, compared to its average volume of 55,078. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.51 and a quick ratio of 4.51. The stock has a 50 day simple moving average of $3.30 and a two-hundred day simple moving average of $3.24. The company has a market capitalization of $121.74 million, a price-to-earnings ratio of 30.00 and a beta of 0.59. PHX Minerals Inc. has a 52 week low of $2.74 and a 52 week high of $3.89.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $8.55 million during the quarter, compared to the consensus estimate of $9.40 million. PHX Minerals had a return on equity of 3.90% and a net margin of 11.50%. As a group, equities analysts predict that PHX Minerals Inc. will post 0.12 earnings per share for the current fiscal year.

PHX Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be paid a $0.03 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.12 dividend on an annualized basis and a yield of 3.69%. PHX Minerals’s dividend payout ratio is 109.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC grew its stake in PHX Minerals by 52.6% in the first quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock valued at $1,676,000 after purchasing an additional 169,470 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of PHX Minerals by 48.4% during the 1st quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock worth $1,013,000 after acquiring an additional 96,894 shares during the period. Empowered Funds LLC boosted its stake in shares of PHX Minerals by 8.2% during the 1st quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer’s stock worth $387,000 after acquiring an additional 8,575 shares during the period. PFG Investments LLC bought a new position in shares of PHX Minerals during the 1st quarter worth approximately $82,000. Finally, Victory Capital Management Inc. bought a new position in shares of PHX Minerals during the 4th quarter worth approximately $84,000. 38.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Northland Securities dropped their target price on PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.20.

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.