PHX Minerals (NYSE:PHX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Sunday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

PHX stock opened at $3.97 on Friday. The firm has a 50 day simple moving average of $3.76 and a 200 day simple moving average of $3.51. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.08. The stock has a market cap of $148.80 million, a P/E ratio of 30.54 and a beta of 0.57. 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 (NYSE:PHX) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $9.14 million during the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same period last year, the firm posted $0.07 earnings per share.

PHX Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s payout ratio is 123.08%.

Institutional Trading of PHX Minerals

Institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of PHX Minerals in the 2nd quarter valued at approximately $40,000. Dimensional Fund Advisors LP grew its holdings in PHX Minerals by 5.0% during the second 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 last quarter. James Investment Research Inc. raised its position in shares of PHX Minerals by 40.9% in the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 shares during the period. Empowered Funds LLC lifted its stake in shares of PHX Minerals by 5.4% in the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals during the 3rd quarter worth $44,000. Institutional investors and hedge funds 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.