Mesirow Financial Investment Management Inc. Trims Stock Holdings in PHX Minerals Inc. (NYSE:PHX)

Mesirow Financial Investment Management Inc. lowered its holdings in PHX Minerals Inc. (NYSE:PHX) by 23.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,068 shares of the oil and gas producer’s stock after selling 17,192 shares during the period. Mesirow Financial Investment Management Inc. owned about 0.15% of PHX Minerals worth $195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of PHX Minerals during the 3rd quarter worth approximately $104,000. Victory Capital Management Inc. acquired a new stake in shares of PHX Minerals during the 4th quarter worth approximately $84,000. Cerity Partners LLC acquired a new stake in shares of PHX Minerals during the 4th quarter worth approximately $79,000. Finally, Ritholtz Wealth Management raised its position in shares of PHX Minerals by 220.4% during the 4th quarter. Ritholtz Wealth Management now owns 35,438 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 24,378 shares during the period. Hedge funds and other institutional investors own 38.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities lowered 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 issued a buy rating to the company’s stock. According to data from MarketBeat, PHX Minerals has a consensus rating of “Moderate Buy” and a consensus target price of $5.20.

PHX Minerals Price Performance

Shares of PHX Minerals stock remained flat at $3.25 during midday trading on Wednesday. The stock had a trading volume of 11,616 shares, compared to its average volume of 51,404. PHX Minerals Inc. has a 1-year low of $2.92 and a 1-year high of $3.89. The company’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.22. 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 market cap of $121.75 million, a price-to-earnings ratio of 29.64 and a beta of 0.56.

PHX Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Friday, May 31st. PHX Minerals’s dividend payout ratio (DPR) is currently 109.10%.

PHX Minerals 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.