StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research note published on Friday morning. The firm issued a hold rating on the oil and gas producer's stock.
PHX Minerals Price Performance
Shares of PHX Minerals stock traded down $0.03 on Friday, reaching $3.79. 91,851 shares of the stock were exchanged, compared to its average volume of 54,250. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market cap of $142.05 million, a PE ratio of 29.16 and a beta of 0.58. The firm's 50 day moving average is $3.69 and its 200-day moving average is $3.44. PHX Minerals has a one year low of $2.95 and a one year high of $4.08.
PHX Minerals (NYSE:PHX - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.33% and a return on equity of 4.16%. The firm had revenue of $9.14 million for the quarter. During the same period in the prior year, the company posted $0.07 EPS.
PHX Minerals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals's payout ratio is 123.08%.
Institutional Investors Weigh In On PHX Minerals
Several hedge funds have recently modified their holdings of the company. Barclays PLC bought a new position in PHX Minerals in the 3rd quarter valued at approximately $37,000. Geode Capital Management LLC increased its position in PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock valued at $1,023,000 after acquiring an additional 32,406 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the third quarter valued at $44,000. Empowered Funds LLC lifted its holdings in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer's stock worth $435,000 after purchasing an additional 6,566 shares during the period. Finally, James Investment Research Inc. grew its stake in shares of PHX Minerals by 40.9% in 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 last quarter. Institutional investors and hedge funds own 38.19% of the company's stock.
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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