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

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

PHX Minerals Price Performance

Shares of PHX opened at $3.95 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The company’s fifty day moving average price is $3.91 and its 200-day moving average price is $3.59. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.15. The firm has a market capitalization of $148.05 million, a PE ratio of 30.39 and a beta of 0.57.

PHX Minerals (NYSE:PHX) last released its quarterly earnings data 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 business 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 quarter in the prior year, the business earned $0.07 earnings per share.

PHX Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s payout ratio is presently 123.09%.

Hedge Funds Weigh In On PHX Minerals

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of PHX Minerals by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock worth $5,320,000 after acquiring an additional 78,008 shares during the period. Geode Capital Management LLC increased 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 buying an additional 32,406 shares in the last quarter. Empowered Funds LLC raised its stake in shares of PHX Minerals by 4.9% during the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 6,320 shares during the period. James Investment Research Inc. lifted its position in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 4,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals in the 3rd quarter valued at $44,000. 38.19% of the stock is owned by hedge funds and other institutional investors.

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.