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

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Tuesday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

PHX stock opened at $3.99 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The company’s fifty day moving average price is $3.86 and its 200-day moving average price is $3.56. PHX Minerals has a one year low of $2.95 and a one year high of $4.15. The company has a market capitalization of $149.36 million, a PE ratio of 30.66 and a beta of 0.57.

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 return on equity of 4.16% and a net margin of 12.33%. During the same quarter in the prior year, the firm posted $0.07 EPS.

PHX Minerals Announces Dividend

The company 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 4.02%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s payout ratio is 123.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 78,008 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PHX Minerals by 12.0% in 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 buying an additional 32,406 shares in the last quarter. Empowered Funds LLC grew its stake in shares of 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 buying an additional 6,566 shares in the last quarter. James Investment Research Inc. increased its holdings in shares of 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 buying an additional 4,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHX Minerals during the 3rd quarter valued at about $44,000. 38.19% of the stock is currently owned by institutional investors.

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.