Dimensional Fund Advisors LP Acquires 86,053 Shares of PHX Minerals Inc. (NYSE:PHX)

Dimensional Fund Advisors LP increased its position in shares of PHX Minerals Inc. (NYSE:PHX - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,814,060 shares of the oil and gas producer's stock after acquiring an additional 86,053 shares during the period. Dimensional Fund Advisors LP owned approximately 4.84% of PHX Minerals worth $7,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC purchased a new position in shares of PHX Minerals during the 3rd quarter valued at $37,000. Truffle Hound Capital LLC purchased a new position in PHX Minerals during the fourth quarter worth about $1,160,000. Empowered Funds LLC grew its position in 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new position in PHX Minerals in the 4th quarter worth about $106,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of PHX Minerals in the 4th quarter valued at about $211,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on PHX Minerals in a report on Tuesday. They set a "hold" rating for the company.

PHX Minerals Price Performance

PHX stock traded down $0.01 during midday trading on Wednesday, reaching $4.32. The company had a trading volume of 1,676,352 shares, compared to its average volume of 88,563. The firm has a 50-day moving average price of $3.86 and a 200-day moving average price of $3.86. The company has a market capitalization of $163.82 million, a P/E ratio of 33.23 and a beta of -0.01. PHX Minerals Inc. has a 1 year low of $3.09 and a 1 year high of $4.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

PHX Minerals (NYSE:PHX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.08. The company had revenue of $7.60 million during the quarter, compared to the consensus estimate of $10.26 million. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%.

PHX Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, May 20th. PHX Minerals's payout ratio is currently 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.