PHX Minerals Inc. (NYSE:PHX) Short Interest Update

PHX Minerals Inc. (NYSE:PHX) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 122,600 shares, a decline of 21.5% from the February 13th total of 156,200 shares. Based on an average trading volume of 91,900 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the company’s stock are sold short.

PHX Minerals Stock Performance

PHX stock traded up $0.12 during trading on Wednesday, reaching $4.09. The stock had a trading volume of 15,523 shares, compared to its average volume of 58,674. The firm has a market cap of $154.91 million, a PE ratio of 31.39 and a beta of 0.51. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.75. PHX Minerals has a 52 week low of $3.01 and a 52 week high of $4.24.

PHX Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 3.92%. PHX Minerals’s dividend payout ratio (DPR) is 266.67%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a research note on Tuesday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PHX. Truffle Hound Capital LLC purchased a new stake in PHX Minerals in the fourth quarter worth about $1,160,000. Dimensional Fund Advisors LP raised its stake in PHX Minerals by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock worth $7,256,000 after acquiring an additional 86,053 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of PHX Minerals in the fourth quarter worth approximately $211,000. Jane Street Group LLC purchased a new stake in shares of PHX Minerals in the fourth quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of PHX Minerals during the 4th quarter valued at $146,000. 38.19% of the stock is currently owned by institutional investors.

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.