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

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

PHX Minerals Trading Down 1.3 %

NYSE:PHX opened at $4.12 on Friday. PHX Minerals has a one year low of $2.95 and a one year high of $4.20. 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 simple moving average is $3.95 and its 200 day simple moving average is $3.65. The firm has a market capitalization of $154.23 million, a P/E ratio of 31.66 and a beta of 0.54.

Institutional Trading of PHX Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new stake in PHX Minerals during the third quarter valued at approximately $37,000. Geode Capital Management LLC increased 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 valued at $1,023,000 after buying an additional 32,406 shares during the last quarter. Empowered Funds LLC increased its holdings in 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 valued at $435,000 after buying an additional 6,566 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals during the third quarter valued at approximately $44,000. Finally, James Investment Research Inc. increased its holdings in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 4,500 shares during the last quarter. 38.19% of the stock is owned by hedge funds and other institutional investors.

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.