Stock analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX – Get Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the oil and gas producer’s stock.
PHX Minerals Trading Down 4.0 %
PHX opened at $3.88 on Friday. PHX Minerals has a fifty-two week low of $2.96 and a fifty-two week high of $4.24. The firm has a market capitalization of $145.31 million, a PE ratio of 29.83 and a beta of 0.54. 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 company’s 50-day moving average is $4.00 and its 200 day moving average is $3.72.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PHX. James Investment Research Inc. lifted 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 valued at $52,000 after acquiring an additional 4,500 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of PHX Minerals by 5.4% in the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 6,566 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the third quarter valued at about $44,000. Barclays PLC purchased a new position in PHX Minerals during the third quarter worth about $37,000. Finally, Geode Capital Management LLC boosted its holdings in PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Hedge funds and other 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.
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