PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a report published on Saturday morning. The brokerage issued a hold rating on the oil and gas producer's stock.

PHX Minerals Trading Up 3.1 %

Shares of NYSE:PHX traded up $0.12 during mid-day trading on Friday, reaching $3.97. 68,498 shares of the company were exchanged, compared to its average volume of 54,342. PHX Minerals has a 1 year low of $2.95 and a 1 year high of $4.08. 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's 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.47. The firm has a market cap of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.58.

PHX Minerals (NYSE:PHX - Get Free Report) last released its quarterly 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). The firm had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same period in the prior year, the company posted $0.07 EPS.

PHX Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 4.03%. PHX Minerals's dividend payout ratio is presently 123.08%.

Hedge Funds Weigh In On PHX Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHX. Barclays PLC purchased a new stake in shares of PHX Minerals during the third quarter worth $37,000. Oppenheimer Asset Management Inc. purchased a new stake in PHX Minerals during the 2nd quarter worth about $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals during the 3rd quarter worth about $44,000. James Investment Research Inc. raised its position in PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer's stock valued at $52,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of PHX Minerals by 36.5% in the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer's stock valued at $100,000 after buying an additional 8,220 shares during the period. Hedge funds and other institutional investors own 38.19% of the company's stock.

About PHX Minerals

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.