StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a report released on Tuesday. The firm issued a hold rating on the oil and gas producer's stock.
PHX Minerals Stock Down 0.7 %
PHX Minerals stock traded down $0.03 during mid-day trading on Tuesday, reaching $4.07. 25,543 shares of the company were exchanged, compared to its average volume of 58,830. PHX Minerals has a 12-month low of $3.05 and a 12-month high of $4.24. The business has a fifty day moving average of $3.98 and a 200 day moving average of $3.75. The firm has a market cap of $154.34 million, a P/E ratio of 31.28 and a beta of 0.51. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 3.93%. PHX Minerals's dividend payout ratio (DPR) is presently 266.67%.
Hedge Funds Weigh In On PHX Minerals
Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of PHX Minerals during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals in the third quarter valued at about $44,000. Total Wealth Planning & Management Inc. purchased a new stake in PHX Minerals in the fourth quarter valued at about $72,000. Balyasny Asset Management L.P. purchased a new stake in shares of PHX Minerals during the fourth quarter worth about $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of PHX Minerals during the fourth quarter valued at about $106,000. 38.19% of the stock is owned by hedge funds and other institutional investors.
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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