Bridgeway Capital Management LLC Has $1.65 Million Stake in PHX Minerals Inc. (NYSE:PHX)

Bridgeway Capital Management LLC grew its stake in shares of PHX Minerals Inc. (NYSE:PHX) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 411,444 shares of the oil and gas producer’s stock after buying an additional 9,720 shares during the period. Bridgeway Capital Management LLC owned approximately 1.10% of PHX Minerals worth $1,646,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Barclays PLC bought a new stake in PHX Minerals in the 3rd quarter valued at $37,000. Balyasny Asset Management L.P. acquired a new position in PHX Minerals in the fourth quarter worth about $86,000. Y Intercept Hong Kong Ltd bought a new position in PHX Minerals during the fourth quarter worth about $106,000. Bank of America Corp DE boosted its holdings in PHX Minerals by 14.3% during the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock valued at $143,000 after purchasing an additional 4,465 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in PHX Minerals during the fourth quarter valued at approximately $146,000. Institutional investors own 38.19% of the company’s stock.

PHX Minerals Stock Up 20.9 %

Shares of NYSE:PHX opened at $4.33 on Friday. The company’s fifty day moving average is $3.84 and its 200-day moving average is $3.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. PHX Minerals Inc. has a 52 week low of $3.09 and a 52 week high of $4.34. The company has a market capitalization of $164.20 million, a PE ratio of 33.31 and a beta of -0.01.

PHX Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.16 annualized dividend and a yield of 3.70%. PHX Minerals’s dividend payout ratio is 266.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on PHX Minerals in a research report on Monday, May 5th. They set a “hold” rating for the company.

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.