StockNews.com Begins Coverage on PHX Minerals (NYSE:PHX)

Research analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the oil and gas producer's stock.

PHX Minerals Stock Up 1.5 %

PHX stock traded up $0.06 during trading on Friday, hitting $3.94. 965 shares of the company's stock were exchanged, compared to its average volume of 80,203. 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 $3.09 and a 52-week high of $4.24. The business has a 50-day moving average price of $3.89 and a two-hundred day moving average price of $3.83. The stock has a market capitalization of $149.41 million, a price-to-earnings ratio of 30.31 and a beta of 0.12.

Institutional Trading of PHX Minerals

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised 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 valued at $143,000 after buying an additional 4,465 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in PHX Minerals by 33.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,674 shares of the oil and gas producer's stock worth $78,000 after buying an additional 4,942 shares during the period. Empowered Funds LLC boosted its stake in shares of PHX Minerals by 4.9% in the fourth 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 period. Bridgeway Capital Management LLC boosted its stake in shares of PHX Minerals by 2.4% in 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 purchasing an additional 9,720 shares during the period. Finally, Barclays PLC bought a new position in 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

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.