PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

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

PHX Minerals Price Performance

Shares of PHX Minerals stock opened at $3.59 on Thursday. The stock’s fifty day moving average is $3.97 and its 200 day moving average is $3.80. PHX Minerals has a one year low of $3.09 and a one year high of $4.24. 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 stock has a market cap of $136.14 million, a P/E ratio of 27.62 and a beta of 0.51.

PHX Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 4.46%. The ex-dividend date was Monday, March 17th. PHX Minerals’s dividend payout ratio is 266.67%.

Hedge Funds Weigh In On PHX Minerals

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of PHX Minerals by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock valued at $7,256,000 after purchasing an additional 86,053 shares during the period. Bridgeway Capital Management LLC raised its holdings in PHX Minerals by 2.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer’s stock valued at $1,646,000 after acquiring an additional 9,720 shares during the period. Geode Capital Management LLC lifted its position in shares of PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after acquiring an additional 32,406 shares in the last quarter. Truffle Hound Capital LLC bought a new position in shares of PHX Minerals in the fourth quarter worth about $1,160,000. Finally, Empowered Funds LLC grew its position in shares of PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 6,320 shares in the last quarter. Hedge funds and other institutional investors own 38.19% of the company’s stock.

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.