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

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

PHX Minerals Price Performance

Shares of NYSE PHX opened at $4.01 on Thursday. The company has a market cap of $150.29 million, a PE ratio of 30.85 and a beta of 0.58. 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. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $3.43.

PHX Minerals (NYSE:PHX) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business 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 last 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 given 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 3.99%. PHX Minerals’s payout ratio is currently 123.09%.

Hedge Funds Weigh In On PHX Minerals

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its position 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 worth $435,000 after buying an additional 6,566 shares during the period. Ritholtz Wealth Management boosted its stake in shares of PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 8,220 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of PHX Minerals in the 2nd quarter worth approximately $40,000. Dimensional Fund Advisors LP increased its stake in PHX Minerals by 5.0% in the 2nd 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 purchasing an additional 78,008 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals during the third quarter worth $44,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

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.