Robotti Robert Cuts Stake in PHX Minerals Inc. (NYSE:PHX)

Robotti Robert lowered its stake in shares of PHX Minerals Inc. (NYSE:PHX) by 42.8% in the first quarter, Holdings Channel reports. The firm owned 14,356 shares of the oil and gas producer’s stock after selling 10,757 shares during the period. Robotti Robert’s holdings in PHX Minerals were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PHX. Russell Investments Group Ltd. grew its stake in 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 valued at $1,013,000 after acquiring an additional 96,894 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in PHX Minerals during the 4th quarter valued at about $84,000. Cerity Partners LLC purchased a new stake in PHX Minerals during the 4th quarter valued at about $79,000. Ritholtz Wealth Management grew its stake in 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 valued at $114,000 after acquiring an additional 24,378 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in PHX Minerals during the 1st quarter valued at about $82,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

PHX Minerals Price Performance

NYSE PHX traded down $0.02 during trading hours on Monday, hitting $3.27. 26,816 shares of the company’s stock traded hands, compared to its average volume of 50,296. PHX Minerals Inc. has a 52-week low of $2.95 and a 52-week high of $3.89. The company has a market capitalization of $122.49 million, a PE ratio of 29.73 and a beta of 0.56. 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 firm’s 50-day moving average is $3.25 and its 200-day moving average is $3.22.

PHX Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.12 annualized dividend and a dividend yield of 3.67%. PHX Minerals’s dividend payout ratio (DPR) is 109.10%.

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.