Analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Stock Performance
Shares of PHX traded down $0.13 during trading hours on Thursday, reaching $3.47. 149,544 shares of the company traded hands, compared to its average volume of 59,760. 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 stock's fifty day moving average is $3.96 and its 200 day moving average is $3.80. PHX Minerals has a 1-year low of $3.09 and a 1-year high of $4.24. The stock has a market cap of $131.40 million, a P/E ratio of 26.66 and a beta of 0.12.
Institutional Trading of PHX Minerals
A number of institutional investors and hedge funds have recently modified their holdings of the company. Total Wealth Planning & Management Inc. acquired a new stake in PHX Minerals during the fourth quarter worth $72,000. Bridgeway Capital Management LLC boosted its position 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 acquiring an additional 9,720 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of PHX Minerals during the 4th quarter valued at about $86,000. Bank of America Corp DE increased its stake in 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 valued at $143,000 after acquiring an additional 4,465 shares during the period. Finally, Jane Street Group LLC acquired a new position in PHX Minerals in the fourth quarter worth about $181,000. 38.19% of the stock is currently owned by institutional investors.
PHX Minerals Company Profile
(
Get Free Report)
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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