StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the oil and gas producer's stock.
PHX Minerals Price Performance
Shares of PHX traded up $0.04 during mid-day trading on Wednesday, reaching $3.95. The stock had a trading volume of 59,520 shares, compared to its average volume of 110,896. The firm has a market cap of $148.05 million, a price-to-earnings ratio of 30.39 and a beta of 0.57. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.15. The business has a fifty day moving average of $3.91 and a 200 day moving average of $3.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19.
PHX Minerals (NYSE:PHX - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $9.14 million for the quarter. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. During the same quarter in the previous year, the company posted $0.07 earnings per share.
PHX Minerals Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.16 annualized dividend and a yield of 4.05%. PHX Minerals's payout ratio is 123.08%.
Hedge Funds Weigh In On PHX Minerals
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in PHX Minerals in the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals during the 3rd quarter valued at $44,000. James Investment Research Inc. lifted its position in PHX Minerals by 40.9% in the third 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. Empowered Funds LLC boosted its stake 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. Finally, Geode Capital Management LLC increased its position in PHX Minerals by 12.0% during 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 acquiring an additional 32,406 shares during the last quarter. Hedge funds and other institutional investors own 38.19% of the company's stock.
PHX Minerals Company Profile
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Get Free Report)
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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