StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

Investment analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a report issued on Saturday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $3.93 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.82. The firm has a market capitalization of $149.03 million, a P/E ratio of 30.23 and a beta of 0.12. PHX Minerals has a 52 week low of $3.09 and a 52 week high of $4.24.

Institutional Trading of PHX Minerals

Several large investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 86,053 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in PHX Minerals by 2.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer’s stock valued at $1,646,000 after acquiring an additional 9,720 shares during the period. Geode Capital Management LLC lifted its holdings in shares of PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after acquiring an additional 32,406 shares during the period. Truffle Hound Capital LLC bought a new position in shares of PHX Minerals in the fourth quarter valued at approximately $1,160,000. Finally, Empowered Funds LLC grew its holdings in shares of PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 6,320 shares during the last quarter. 38.19% of the stock is owned by institutional investors and hedge funds.

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.