StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research report sent to investors on Saturday. The firm issued a hold rating on the oil and gas producer's stock.
PHX Minerals Trading Up 2.4 %
Shares of PHX Minerals stock traded up $0.10 during trading hours on Friday, reaching $4.10. 64,605 shares of the company's stock were exchanged, compared to its average volume of 92,181. The firm has a market capitalization of $153.48 million, a price-to-earnings ratio of 31.50 and a beta of 0.54. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 52-week low of $2.96 and a 52-week high of $4.23. The company has a fifty day moving average of $3.97 and a 200-day moving average of $3.69.
Institutional Trading of PHX Minerals
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in shares of PHX Minerals by 14.3% in the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer's stock worth $143,000 after acquiring an additional 4,465 shares during the last quarter. James Investment Research Inc. raised its stake in 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 worth $52,000 after purchasing an additional 4,500 shares during the period. Empowered Funds LLC boosted its holdings in shares of PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock valued at $541,000 after purchasing an additional 6,320 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of PHX Minerals by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer's stock valued at $1,646,000 after buying an additional 9,720 shares during the period. Finally, Barclays PLC purchased a new stake in shares of PHX Minerals during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 38.19% of the company's stock.
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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