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

PHX Minerals Inc. (NYSE:PHX) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 175,300 shares, an increase of 43.0% from the February 28th total of 122,600 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,700 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a research report on Wednesday, March 26th. They set a “hold” rating on the stock.

Institutional Trading of PHX Minerals

Institutional investors have recently made changes to their positions in the stock. Total Wealth Planning & Management Inc. bought a new stake in PHX Minerals during the 4th quarter valued at $72,000. Bridgeway Capital Management LLC increased its position in shares of 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. Balyasny Asset Management L.P. bought a new position in shares of PHX Minerals during the fourth quarter valued at about $86,000. Bank of America Corp DE boosted 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 purchasing an additional 4,465 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of PHX Minerals in the fourth quarter worth about $181,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

PHX Minerals Trading Up 1.0 %

Shares of PHX stock traded up $0.04 on Tuesday, hitting $3.99. 46,327 shares of the company’s stock traded hands, compared to its average volume of 59,040. The stock has a market capitalization of $151.31 million, a price-to-earnings ratio of 30.69 and a beta of 0.51. The company’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $3.79. PHX Minerals has a one year low of $3.09 and a one year high of $4.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 4.01%. PHX Minerals’s dividend payout ratio (DPR) is currently 266.67%.

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.