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

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

PHX Minerals Trading Down 1.3 %

Shares of PHX Minerals stock opened at $4.12 on Friday. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $4.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market capitalization of $154.23 million, a price-to-earnings ratio of 31.66 and a beta of 0.54. The stock has a 50 day moving average of $3.95 and a 200 day moving average of $3.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Truffle Hound Capital LLC purchased a new stake in shares of PHX Minerals in the 4th quarter valued at approximately $1,160,000. Dimensional Fund Advisors LP raised its position 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 period. Arrowstreet Capital Limited Partnership acquired a new position in PHX Minerals during the fourth quarter worth $211,000. Jane Street Group LLC purchased a new position in shares of PHX Minerals during the fourth quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of PHX Minerals in the fourth quarter valued at $146,000. Institutional investors and hedge funds 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.