Analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a report released on Friday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Trading Up 1.8 %
Shares of PHX stock traded up $0.07 during trading hours on Friday, hitting $3.67. 1,017 shares of the company were exchanged, compared to its average volume of 79,476. PHX Minerals has a 1 year low of $3.09 and a 1 year high of $4.24. The firm has a fifty day moving average of $3.91 and a 200 day moving average of $3.81. The firm has a market cap of $138.98 million, a PE ratio of 28.19 and a beta of 0.12. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.
Hedge Funds Weigh In On PHX Minerals
Several hedge funds and other institutional investors have recently made changes to their positions in PHX. Total Wealth Planning & Management Inc. purchased a new stake in PHX Minerals during the 4th quarter worth approximately $72,000. Bridgeway Capital Management LLC increased its stake in PHX Minerals by 2.4% during the fourth 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 shares of PHX Minerals during the fourth quarter worth $86,000. Bank of America Corp DE lifted its position in shares of PHX Minerals by 14.3% in the 4th 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 4th quarter valued at about $181,000. Institutional investors and hedge funds 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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