PHX Minerals Inc. (NYSE:PHX) Short Interest Down 21.5% in February

PHX Minerals Inc. (NYSE:PHX) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 122,600 shares, a drop of 21.5% from the February 13th total of 156,200 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 91,900 shares, the short-interest ratio is presently 1.3 days.

PHX Minerals Price Performance

PHX Minerals stock traded down $0.02 during mid-day trading on Tuesday, hitting $3.97. 38,208 shares of the company were exchanged, compared to its average volume of 58,847. The company has a market capitalization of $150.55 million, a PE ratio of 30.54 and a beta of 0.51. The business has a fifty day moving average of $3.97 and a 200 day moving average of $3.75. PHX Minerals has a 1-year low of $3.01 and a 1-year high of $4.24. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Monday, March 17th. PHX Minerals’s dividend payout ratio (DPR) is currently 266.67%.

Hedge Funds Weigh In On PHX Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHX. Bank of America Corp DE increased its holdings in shares of PHX Minerals by 14.3% during the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock worth $143,000 after buying an additional 4,465 shares in the last quarter. Empowered Funds LLC increased its holdings in PHX Minerals by 4.9% during the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after purchasing an additional 6,320 shares in the last quarter. Bridgeway Capital Management LLC raised its position in PHX Minerals by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer’s stock valued at $1,646,000 after purchasing an additional 9,720 shares during the last quarter. Barclays PLC bought a new position in PHX Minerals in the 3rd quarter valued at $37,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals in the third quarter worth $44,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on PHX Minerals in a report on Tuesday. They issued a “hold” rating for the company.

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.