StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a report released on Tuesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Up 2.8 %

PHX opened at $4.08 on Tuesday. PHX Minerals has a 12 month low of $3.01 and a 12 month high of $4.24. The business has a 50-day moving average of $3.97 and a two-hundred day moving average of $3.75. The stock has a market capitalization of $154.72 million, a price-to-earnings ratio of 31.39 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

Institutional Trading of PHX Minerals

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in PHX Minerals by 5.0% during the fourth 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 buying an additional 86,053 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of PHX Minerals by 2.4% in the 4th 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 holdings in shares of PHX Minerals by 12.0% during the 3rd 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 purchased a new stake in PHX Minerals during the 4th quarter worth $1,160,000. Finally, Empowered Funds LLC increased its holdings in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $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.

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.