Short Interest in PHX Minerals Inc. (NYSE:PHX) Increases By 43.0%

PHX Minerals Inc. (NYSE:PHX - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 175,300 shares, a growth of 43.0% from the February 28th total of 122,600 shares. Approximately 0.5% of the company's shares are sold short. Based on an average daily volume of 83,700 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of PHX Minerals in a research note on Thursday. They set a "hold" rating on the stock.

Hedge Funds Weigh In On PHX Minerals

Hedge funds have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. purchased a new stake in shares of PHX Minerals in the fourth quarter valued at $72,000. Bridgeway Capital Management LLC lifted its stake in shares of PHX Minerals by 2.4% during the fourth 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. Balyasny Asset Management L.P. acquired a new stake in PHX Minerals during the fourth quarter worth approximately $86,000. Bank of America Corp DE grew its stake in PHX Minerals by 14.3% in the 4th 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 period. Finally, Jane Street Group LLC purchased a new position in shares of PHX Minerals during the 4th quarter worth $181,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

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PHX Minerals Stock Down 4.5 %

Shares of PHX Minerals stock traded down $0.18 during trading on Thursday, hitting $3.78. 25,626 shares of the stock were exchanged, compared to its average volume of 58,900. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a 12-month low of $3.09 and a 12-month high of $4.24. The firm's 50-day moving average price is $3.98 and its 200 day moving average price is $3.80. The stock has a market cap of $143.35 million, a price-to-earnings ratio of 29.08 and a beta of 0.51.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, March 17th. PHX Minerals's dividend payout ratio (DPR) is 266.67%.

PHX Minerals Company Profile

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.