PHX Minerals Inc. (NYSE:PHX) Sees Large Decrease in Short Interest

PHX Minerals Inc. (NYSE:PHX - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 122,600 shares, a decrease of 21.5% from the February 13th total of 156,200 shares. Based on an average daily trading volume, of 91,900 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the company's stock are short sold.

Wall Street Analyst Weigh In

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

PHX Minerals Stock Down 0.2 %

PHX Minerals stock traded down $0.01 during trading on Friday, reaching $4.09. The stock had a trading volume of 15,688 shares, compared to its average volume of 58,785. PHX Minerals has a 52-week low of $3.05 and a 52-week high of $4.24. The business has a 50 day moving average price of $3.98 and a 200 day moving average price of $3.75. The stock has a market cap of $155.10 million, a PE ratio of 31.49 and a beta of 0.51. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, March 17th. PHX Minerals's dividend payout ratio (DPR) is presently 266.67%.

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Institutional Investors Weigh In On PHX Minerals

Several institutional investors have recently added to or reduced their stakes in PHX. Total Wealth Planning & Management Inc. acquired a new position in shares of PHX Minerals in the 4th quarter valued at $72,000. Bridgeway Capital Management LLC raised its position in PHX Minerals by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer's stock valued at $1,646,000 after purchasing an additional 9,720 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in PHX Minerals during the 4th quarter worth $86,000. Bank of America Corp DE grew its holdings in shares of PHX Minerals by 14.3% during the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer's stock worth $143,000 after buying an additional 4,465 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of PHX Minerals in the fourth quarter valued at approximately $181,000. 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.