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

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Tuesday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 0.5 %

PHX Minerals stock opened at $3.82 on Tuesday. PHX Minerals has a 1 year low of $2.95 and a 1 year high of $3.88. The firm’s 50 day moving average price is $3.53 and its 200-day moving average price is $3.37. 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 stock has a market cap of $143.18 million, a P/E ratio of 29.38 and a beta of 0.55.

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

PHX Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, November 21st. PHX Minerals’s payout ratio is 123.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of PHX Minerals by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after buying an additional 78,008 shares during the period. Ancora Advisors LLC lifted its stake in shares of PHX Minerals by 52.6% during the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock worth $1,676,000 after acquiring an additional 169,470 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 32,406 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in PHX Minerals by 48.4% during the 1st quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock valued at $1,013,000 after acquiring an additional 96,894 shares during the period. Finally, Empowered Funds LLC grew its position in PHX Minerals by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after acquiring an additional 6,566 shares during the last quarter. 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.