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

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

PHX Minerals Stock Down 0.8 %

Shares of NYSE PHX opened at $3.96 on Monday. The business has a 50-day moving average price of $3.80 and a 200 day moving average price of $3.53. The stock has a market cap of $148.42 million, a PE ratio of 30.46 and a beta of 0.57. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $4.08.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The firm had revenue of $9.14 million during the quarter. During the same period in the prior year, the firm earned $0.07 earnings per share.

PHX Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 4.04%. PHX Minerals’s dividend payout ratio (DPR) is 123.08%.

Hedge Funds Weigh In On PHX Minerals

Institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. lifted its position 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 acquiring an additional 4,500 shares during the period. Empowered Funds LLC raised its stake in shares of PHX Minerals by 5.4% during the third 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 during the last quarter. Barclays PLC acquired a new stake in shares of PHX Minerals during the third quarter worth $37,000. Oppenheimer Asset Management Inc. purchased a new position in PHX Minerals in the 2nd quarter valued at $40,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

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.