Stock analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a research note issued to investors on Wednesday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Price Performance
PHX stock traded down $0.10 during midday trading on Wednesday, reaching $4.00. 48,831 shares of the stock were exchanged, compared to its average volume of 59,048. PHX Minerals has a 52 week low of $3.09 and a 52 week high of $4.24. The company has a fifty day moving average price of $3.98 and a 200 day moving average price of $3.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market capitalization of $151.69 million, a PE ratio of 30.77 and a beta of 0.51.
Hedge Funds Weigh In On PHX Minerals
Large investors have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC purchased a new stake in shares of PHX Minerals in the fourth quarter worth approximately $1,160,000. Dimensional Fund Advisors LP raised its position in PHX Minerals by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer's stock valued at $7,256,000 after buying an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in PHX Minerals in the 4th quarter valued at $211,000. Jane Street Group LLC bought a new position in PHX Minerals during the 4th quarter valued at $181,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in PHX Minerals during the 4th quarter worth $146,000. Institutional investors own 38.19% of the company's stock.
About PHX Minerals
(
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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