PHX Minerals Inc. (NYSE:PHX) Short Interest Update

PHX Minerals Inc. (NYSE:PHX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 168,200 shares, a growth of 25.3% from the November 30th total of 134,200 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On PHX Minerals

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in PHX Minerals by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after acquiring an additional 78,008 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Empowered Funds LLC boosted its position 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 purchasing an additional 6,566 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of PHX Minerals by 36.5% in 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. Finally, James Investment Research Inc. grew its stake in 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 worth $52,000 after buying an additional 4,500 shares during the last quarter. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

PHX Minerals Stock Up 3.1 %

NYSE PHX traded up $0.12 during trading on Friday, reaching $3.97. 68,498 shares of the company’s stock traded hands, compared to its average volume of 54,342. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $4.08. 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 firm has a market cap of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.58. The company’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.47.

PHX Minerals (NYSE:PHX) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $9.14 million for the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same quarter in the previous year, the company posted $0.07 EPS.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s payout ratio is 123.08%.

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.