StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a report released on Monday morning. The brokerage issued a hold rating on the oil and gas producer's stock.
PHX Minerals Trading Up 3.4 %
Shares of PHX stock traded up $0.13 during trading hours on Monday, reaching $3.90. The company had a trading volume of 149,028 shares, compared to its average volume of 59,212. PHX Minerals has a 1-year low of $2.96 and a 1-year high of $4.24. 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 firm has a market cap of $146.10 million, a price-to-earnings ratio of 29.99 and a beta of 0.51. The company has a 50 day moving average of $3.97 and a 200 day moving average of $3.73.
Hedge Funds Weigh In On PHX Minerals
Several institutional investors have recently modified their holdings of PHX. Truffle Hound Capital LLC acquired a new position in shares of PHX Minerals in the 4th quarter valued at $1,160,000. Dimensional Fund Advisors LP grew its stake in PHX Minerals by 5.0% in the fourth 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 acquiring an additional 86,053 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in PHX Minerals in the fourth quarter valued at about $211,000. Jane Street Group LLC bought a new stake in shares of PHX Minerals in the fourth quarter worth about $181,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of PHX Minerals during the fourth quarter worth about $146,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.
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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