PHX Minerals (NYSE:PHX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a report issued on Monday morning. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Up 2.2 %

PHX stock opened at $3.74 on Monday. The company has a market cap of $140.18 million, a price-to-earnings ratio of 28.77 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The business’s 50-day moving average is $3.50 and its two-hundred day moving average is $3.36. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $3.76.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $9.14 million during the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same quarter in the previous year, the business earned $0.07 EPS.

PHX Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, November 21st. PHX Minerals’s payout ratio is 123.08%.

Institutional Trading of PHX Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC grew its stake in shares of PHX Minerals by 52.6% during the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock valued at $1,676,000 after acquiring an additional 169,470 shares during the period. Russell Investments Group Ltd. increased its stake in shares of PHX Minerals by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock worth $1,013,000 after purchasing an additional 96,894 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of PHX Minerals by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after purchasing an additional 78,008 shares during the period. Geode Capital Management LLC raised its position in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 32,406 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new position in shares of PHX Minerals during the 2nd quarter valued at $57,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

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.