StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research note published on Monday morning. The brokerage issued a hold rating on the oil and gas producer's stock.
PHX Minerals Trading Down 4.0 %
PHX Minerals stock traded down $0.15 during trading hours on Monday, reaching $3.56. 57,454 shares of the company's stock were exchanged, compared to its average volume of 50,087. The firm's 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.35. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $3.76. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $133.43 million, a PE ratio of 28.54 and a beta of 0.55.
PHX Minerals (NYSE:PHX - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The business had revenue of $9.14 million for the quarter. During the same period in the prior year, the company earned $0.07 earnings per share.
PHX Minerals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.49%. PHX Minerals's dividend payout ratio (DPR) is presently 123.08%.
Institutional Trading of PHX Minerals
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHX. Barclays PLC acquired a new stake in PHX Minerals in the third quarter valued at approximately $37,000. Oppenheimer Asset Management Inc. acquired a new stake in PHX Minerals in the 2nd quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals in the third quarter valued at $44,000. James Investment Research Inc. grew its holdings in shares of PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer's stock valued at $52,000 after buying an additional 4,500 shares during the last quarter. Finally, Meixler Investment Management Ltd. bought a new stake in shares of PHX Minerals during the second quarter worth about $57,000. 38.19% of the stock is owned by institutional investors.
PHX Minerals Company Profile
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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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