PHX Minerals (NYSE:PHX) Coverage Initiated at StockNews.com

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

PHX Minerals Stock Down 4.1 %

Shares of PHX stock opened at $3.78 on Friday. The stock’s 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.83. PHX Minerals has a twelve month low of $3.09 and a twelve month 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. The company has a market capitalization of $143.35 million, a price-to-earnings ratio of 29.08 and a beta of 0.12.

PHX Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 4.23%. PHX Minerals’s payout ratio is presently 266.67%.

Institutional Trading of PHX Minerals

Hedge funds have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC acquired a new position in shares of PHX Minerals during the fourth quarter worth approximately $1,160,000. Dimensional Fund Advisors LP raised its stake in PHX Minerals by 5.0% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership bought a new stake in PHX Minerals in the 4th quarter valued at $211,000. Jane Street Group LLC acquired a new stake in PHX Minerals in the 4th quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of PHX Minerals during the 4th quarter worth about $146,000. Institutional investors 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.