PHX Minerals Inc. (NYSE:PHX) Sees Significant Decrease in Short Interest

PHX Minerals Inc. (NYSE:PHX) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 145,000 shares, a decline of 13.8% from the December 15th total of 168,200 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com started coverage on PHX Minerals in a research note on Monday. They set a “hold” rating for the company.

Institutional Trading of PHX Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new position in PHX Minerals in the 3rd quarter valued at $37,000. Oppenheimer Asset Management Inc. bought a new stake in PHX Minerals during the second quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the third quarter valued at about $44,000. James Investment Research Inc. increased its stake 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 worth $52,000 after purchasing an additional 4,500 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 6,566 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

PHX Minerals Stock Down 0.2 %

Shares of PHX traded down $0.01 during mid-day trading on Thursday, hitting $4.00. 92,478 shares of the company’s stock were exchanged, compared to its average volume of 98,058. The stock has a market cap of $149.92 million, a price-to-earnings ratio of 30.77 and a beta of 0.57. The firm has a fifty day moving average of $3.83 and a two-hundred day moving average of $3.54. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $4.08.

PHX Minerals (NYSE:PHX) last posted its 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). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The business had revenue of $9.14 million for the quarter. During the same quarter last year, the firm earned $0.07 earnings per share.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s dividend payout ratio is 123.08%.

About PHX Minerals

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.