PHX Minerals Inc. is experiencing a positive movement in its stock price today, likely influenced by recent institutional activity. Geode Capital Management LLC has increased its stake in the company by 12.0% during the third quarter, now holding 302,568 shares valued at $1.02 million. This increase in institutional ownership may be contributing to the positive sentiment around the stock. Additionally, other institutional investors have also adjusted their positions, with Empowered Funds LLC and Dimensional Fund Advisors LP both increasing their holdings in PHX Minerals.
The stock opened at $3.92 and has reached a high of $4.01, with a current price of $3.97, marking a 1.54% increase from the previous close of $3.91. Despite being just half an hour into the trading day, the stock has already seen a volume of 28,966 shares, which is 40.13% of its average daily volume of 72,183 shares.