PHX Minerals (NYSE:PHX) Research Coverage Started at StockNews.com

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

PHX Minerals Stock Up 0.8 %

PHX opened at $4.02 on Tuesday. The company has a market capitalization of $150.67 million, a PE ratio of 30.93 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 has a fifty-two week low of $2.95 and a fifty-two week high of $4.15. The business has a 50-day moving average of $3.88 and a 200-day moving average of $3.57.

PHX Minerals (NYSE:PHX) last posted its earnings results 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 return on equity of 4.16% and a net margin of 12.33%. During the same period last year, the company earned $0.07 earnings per share.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.16 annualized dividend and a yield of 3.98%. PHX Minerals’s dividend payout ratio (DPR) is currently 123.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PHX. Barclays PLC acquired a new position in shares of PHX Minerals during the third quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in PHX Minerals in the 3rd quarter valued at $44,000. 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 worth $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC grew its position in PHX Minerals by 5.4% in the 3rd 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. Finally, Geode Capital Management LLC increased 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 worth $1,023,000 after purchasing an additional 32,406 shares during the period. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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.