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

Equities researchers at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 4.0 %

Shares of PHX Minerals stock opened at $3.88 on Friday. The firm has a market cap of $145.31 million, a PE ratio of 29.83 and a beta of 0.54. PHX Minerals has a 1 year low of $2.96 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a fifty day moving average price of $4.00 and a 200-day moving average price of $3.72.

Institutional Trading of PHX Minerals

Several hedge funds have recently added to or reduced their stakes in PHX. Truffle Hound Capital LLC bought a new position in shares of PHX Minerals during the 4th quarter valued at approximately $1,160,000. Dimensional Fund Advisors LP lifted its stake in PHX Minerals by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock valued at $7,256,000 after purchasing an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in PHX Minerals during the fourth quarter valued at $211,000. Jane Street Group LLC purchased a new stake in PHX Minerals in the fourth quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in PHX Minerals in the fourth quarter worth $146,000. 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.