PHX Minerals Inc. (NYSE:PHX) Short Interest Down 13.8% in December

PHX Minerals Inc. (NYSE:PHX) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 145,000 shares, a decrease 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 currently 2.0 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On PHX Minerals

Several hedge funds and other institutional investors have recently modified their holdings of PHX. James Investment Research Inc. grew its position in PHX Minerals by 40.9% in 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 acquiring an additional 4,500 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of PHX Minerals by 5.4% in the third 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. Barclays PLC purchased a new position in PHX Minerals in the 3rd quarter worth about $37,000. Oppenheimer Asset Management Inc. bought a new stake in PHX Minerals during the 2nd quarter valued at about $40,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals in the 3rd quarter valued at about $44,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

PHX Minerals Trading Up 1.4 %

Shares of PHX Minerals stock traded up $0.06 on Friday, reaching $4.06. The company had a trading volume of 250,603 shares, compared to its average volume of 74,174. The firm’s 50-day moving average price is $3.84 and its two-hundred day moving average price is $3.55. PHX Minerals has a 1 year low of $2.95 and a 1 year high of $4.10. The firm has a market cap of $151.98 million, a price-to-earnings ratio of 31.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

PHX Minerals (NYSE:PHX) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The firm had revenue of $9.14 million during the quarter. During the same quarter in the prior year, the company posted $0.07 earnings per share.

PHX Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 3.95%. PHX Minerals’s dividend payout ratio (DPR) is presently 123.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a report on Monday, January 13th. They issued a “hold” rating on the 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.