PHX Minerals (NYSE:PHX) Research Coverage Started at StockNews.com

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

PHX Minerals Price Performance

PHX stock opened at $3.72 on Tuesday. The stock has a market capitalization of $139.43 million, a price-to-earnings ratio of 28.62 and a beta of 0.55. The stock’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.38. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.88. 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 (NYSE:PHX) last posted 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 business had revenue of $9.14 million during the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same period last year, the business earned $0.07 EPS.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.04 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.30%. PHX Minerals’s dividend payout ratio (DPR) is presently 123.09%.

Institutional Trading of PHX Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in PHX. James Investment Research Inc. grew its position in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 4,500 shares during the period. Empowered Funds LLC grew its holdings in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 6,566 shares during the period. Ritholtz Wealth Management increased its position in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 8,220 shares in the last quarter. Barclays PLC purchased a new position in PHX Minerals in the third quarter valued at approximately $37,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in PHX Minerals during the second quarter worth approximately $40,000. 38.19% of the stock is currently 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.