StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research report report published on Friday. The brokerage issued a hold rating on the oil and gas producer's stock.
PHX Minerals Price Performance
NYSE PHX traded down $0.06 on Friday, reaching $4.12. The company's stock had a trading volume of 44,636 shares, compared to its average volume of 104,974. The firm has a market cap of $154.23 million, a PE ratio of 31.66 and a beta of 0.54. The business has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.66. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.20. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22.
Institutional Trading of PHX Minerals
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC bought a new stake in PHX Minerals during the fourth quarter worth about $1,160,000. Dimensional Fund Advisors LP grew its stake in PHX Minerals by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer's stock worth $7,256,000 after buying an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in PHX Minerals during the fourth quarter worth about $211,000. Jane Street Group LLC bought a new stake in PHX Minerals during the fourth quarter worth about $181,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in PHX Minerals during the fourth quarter worth about $146,000. Institutional investors own 38.19% of the company's stock.
About PHX Minerals
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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.
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