PHX Minerals Inc. (NYSE:PHX) Short Interest Update

PHX Minerals Inc. (NYSE:PHX) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 125,300 shares, a decline of 18.3% from the August 15th total of 153,400 shares. Based on an average trading volume of 43,300 shares, the days-to-cover ratio is currently 2.9 days.

PHX Minerals Stock Performance

PHX Minerals stock traded up $0.01 during mid-day trading on Tuesday, reaching $3.42. 3,558 shares of the stock traded hands, compared to its average volume of 49,231. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $3.81. The stock has a market capitalization of $128.11 million, a PE ratio of 31.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.98 and a quick ratio of 3.98. The business’s 50-day moving average is $3.33 and its 200-day moving average is $3.28.

PHX Minerals (NYSE:PHX) last released its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $9.54 million for the quarter, compared to the consensus estimate of $7.40 million. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, sell-side analysts predict that PHX Minerals will post 0.1 EPS for the current fiscal year.

PHX Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 4.68%. This is a positive change from PHX Minerals’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, August 23rd. PHX Minerals’s dividend payout ratio is currently 145.45%.

Hedge Funds Weigh In On PHX Minerals

Several large investors have recently added to or reduced their stakes in PHX. Victory Capital Management Inc. purchased a new position in shares of PHX Minerals in the fourth quarter valued at about $84,000. Empowered Funds LLC raised its position in shares of PHX Minerals by 8.2% during the first quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer’s stock valued at $387,000 after buying an additional 8,575 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of PHX Minerals by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock worth $1,013,000 after buying an additional 96,894 shares in the last quarter. Ancora Advisors LLC lifted its stake in PHX Minerals by 52.6% in the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock worth $1,676,000 after purchasing an additional 169,470 shares in the last quarter. Finally, Meixler Investment Management Ltd. purchased a new position in shares of PHX Minerals during the second quarter valued at about $57,000. 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.