PHX Minerals (NYSE:PHX) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

PHX Minerals Inc. (NYSE:PHX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.34 and traded as high as $3.68. PHX Minerals shares last traded at $3.68, with a volume of 42,346 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on PHX Minerals in a research report on Friday. They set a "hold" rating for the company.

PHX Minerals Price Performance

The company has a market cap of $138.38 million, a price-to-earnings ratio of 24.60 and a beta of 0.56. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $3.45 and a 200 day moving average price of $3.34.

PHX Minerals (NYSE:PHX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $9.54 million during the quarter, compared to analyst estimates of $7.40 million. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, research analysts expect that PHX Minerals Inc. will post 0.1 earnings per share for the current fiscal year.

PHX Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.04 dividend. This is an increase from PHX Minerals's previous quarterly dividend of $0.03. The ex-dividend date was Friday, August 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.34%. PHX Minerals's dividend payout ratio is currently 106.67%.

Institutional Investors Weigh In On PHX Minerals

A number of institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC increased its holdings in PHX Minerals by 52.6% in the first quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer's stock worth $1,676,000 after buying an additional 169,470 shares during the last quarter. Russell Investments Group Ltd. grew its position in PHX Minerals by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer's stock worth $1,013,000 after acquiring an additional 96,894 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PHX Minerals by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer's stock worth $5,320,000 after purchasing an additional 78,008 shares during the last quarter. Meixler Investment Management Ltd. bought a new position in shares of PHX Minerals during the 2nd quarter valued at $57,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of PHX Minerals in the 2nd quarter valued at $40,000. Institutional investors and hedge funds 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.