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

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

PHX Minerals Stock Down 0.8 %

Shares of NYSE PHX opened at $3.79 on Friday. The stock has a market cap of $142.05 million, a PE ratio of 29.16 and a beta of 0.58. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $4.08. The company has a 50-day moving average of $3.69 and a 200 day moving average of $3.45.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company 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 period in the previous year, the business earned $0.07 EPS.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a yield of 4.22%. PHX Minerals’s dividend payout ratio is currently 123.08%.

Institutional Trading of PHX Minerals

Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings 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 valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of PHX Minerals by 36.5% during the second quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 8,220 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals during the second quarter valued at approximately $40,000. Dimensional Fund Advisors LP increased its position in shares of PHX Minerals by 5.0% during 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals during the third quarter worth approximately $44,000. 38.19% of the stock is owned by hedge funds and other institutional investors.

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.