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

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

PHX Minerals Stock Down 0.8 %

PHX Minerals stock opened at $3.96 on Monday. The stock’s 50 day moving average price is $3.80 and its 200 day moving average price is $3.53. The company has a market cap of $148.42 million, a PE ratio of 30.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.08.

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

PHX Minerals Announces Dividend

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

Institutional Investors Weigh In On PHX Minerals

Several institutional investors have recently modified their holdings of PHX. Barclays PLC purchased a new position in PHX Minerals in the 3rd quarter valued at approximately $37,000. Geode Capital Management LLC grew its holdings in PHX Minerals by 12.0% in 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 purchasing an additional 32,406 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals in the third quarter valued at $44,000. Empowered Funds LLC raised its stake in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in shares of 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 buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors 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.