PHX Minerals (NYSE:PHX) Coverage Initiated by Analysts at StockNews.com

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

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $3.99 on Friday. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.08. The firm has a market capitalization of $149.55 million, a PE ratio of 30.69 and a beta of 0.57. The business’s 50 day moving average is $3.75 and its 200-day moving average is $3.50. 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 (NYSE:PHX) last announced its quarterly 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 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 quarter last year, the company posted $0.07 earnings per share.

PHX Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Thursday, November 21st. PHX Minerals’s dividend payout ratio is currently 123.08%.

Institutional Investors Weigh In On PHX Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in PHX. Oppenheimer Asset Management Inc. bought a new stake in shares of PHX Minerals during the second quarter worth $40,000. Dimensional Fund Advisors LP increased its holdings in shares of PHX Minerals by 5.0% in 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 in the last quarter. James Investment Research Inc. boosted its position in shares of PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the period. Empowered Funds LLC boosted its position in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals during the third quarter worth about $44,000. 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.