Analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX – Get Free Report) in a research report issued on Saturday. The firm set a “hold” rating on the oil and gas producer’s stock.
PHX Minerals Price Performance
Shares of PHX Minerals stock opened at $4.15 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The company has a market cap of $155.36 million, a PE ratio of 31.89 and a beta of 0.54. The business has a 50 day moving average of $3.97 and a 200 day moving average of $3.68. PHX Minerals has a 52 week low of $2.96 and a 52 week high of $4.23.
Institutional Investors Weigh In On PHX Minerals
A number of institutional investors have recently modified their holdings of the stock. Truffle Hound Capital LLC purchased a new stake in shares of PHX Minerals during the fourth quarter valued at $1,160,000. Dimensional Fund Advisors LP boosted its position in shares of PHX Minerals by 5.0% during the fourth 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 buying an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PHX Minerals during the fourth quarter valued at $211,000. Jane Street Group LLC purchased a new stake in shares of PHX Minerals during the fourth quarter valued at $181,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in PHX Minerals in the fourth quarter worth about $146,000. 38.19% of the stock is owned by hedge funds and other institutional investors.
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.
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