RBF Capital LLC Sells 77,275 Shares of PHX Minerals Inc. (NYSE:PHX)

RBF Capital LLC decreased its stake in PHX Minerals Inc. (NYSE:PHX - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 569,860 shares of the oil and gas producer's stock after selling 77,275 shares during the period. RBF Capital LLC owned approximately 1.52% of PHX Minerals worth $2,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of PHX Minerals by 4.9% during the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock worth $541,000 after purchasing an additional 6,320 shares in the last quarter. Barclays PLC acquired a new stake in shares of PHX Minerals during the third quarter worth approximately $37,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of PHX Minerals during the fourth quarter worth approximately $106,000. Geode Capital Management LLC raised its stake in shares of PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock valued at $1,023,000 after acquiring an additional 32,406 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of PHX Minerals in the 4th quarter worth approximately $211,000. Institutional investors own 38.19% of the company's stock.

PHX Minerals Price Performance

Shares of PHX Minerals stock traded up $0.02 during trading on Monday, reaching $3.92. The company's stock had a trading volume of 12,280 shares, compared to its average volume of 78,154. The stock has a 50-day moving average price of $3.88 and a two-hundred day moving average price of $3.84. The stock has a market capitalization of $148.46 million, a P/E ratio of 30.12 and a beta of 0.12. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals Inc. has a one year low of $3.09 and a one year high of $4.24.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Monday, March 17th. PHX Minerals's dividend payout ratio is presently 266.67%.

Analyst Upgrades and Downgrades

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

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.