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

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

PHX Minerals Stock Down 2.4 %

Shares of PHX Minerals stock opened at $4.00 on Wednesday. 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 has a 52-week low of $3.09 and a 52-week high of $4.24. The company’s 50 day moving average price is $3.98 and its 200-day moving average price is $3.78. The stock has a market capitalization of $151.69 million, a price-to-earnings ratio of 30.77 and a beta of 0.51.

PHX Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, March 17th. PHX Minerals’s dividend payout ratio (DPR) is 266.67%.

Institutional Trading of PHX Minerals

Large investors have recently modified their holdings of the business. Barclays PLC purchased a new stake in PHX Minerals in the 3rd quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the third quarter valued at approximately $44,000. Total Wealth Planning & Management Inc. purchased a new stake in PHX Minerals in the fourth quarter worth $72,000. Balyasny Asset Management L.P. bought a new stake in PHX Minerals in the fourth quarter valued at $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in PHX Minerals during the 4th quarter valued at $106,000. 38.19% of the stock is owned by institutional investors.

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.