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

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

PHX Minerals Stock Performance

NYSE PHX opened at $4.15 on Friday. The company has a market cap of $155.35 million, a P/E ratio of 31.89 and a beta of 0.54. 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 business’s 50 day moving average price is $3.97 and its 200-day moving average price is $3.68. PHX Minerals has a fifty-two week low of $2.96 and a fifty-two week high of $4.23.

Hedge Funds Weigh In On PHX Minerals

Several large investors have recently modified their holdings of PHX. James Investment Research Inc. increased its position in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHX Minerals during the 3rd quarter worth $44,000. Barclays PLC purchased a new stake in shares of PHX Minerals during the 3rd quarter worth $37,000. Finally, Geode Capital Management LLC lifted its stake 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 last quarter. 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.