PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note released on Friday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of PHX stock opened at $3.54 on Friday. The company has a market capitalization of $134.24 million, a P/E ratio of 27.23 and a beta of 0.12. PHX Minerals has a fifty-two week low of $3.09 and a fifty-two week high of $4.24. 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 has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $3.81.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 4.52%. PHX Minerals’s payout ratio is currently 266.67%.

Hedge Funds Weigh In On PHX Minerals

Hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new stake in shares of PHX Minerals during the third quarter worth about $37,000. Truffle Hound Capital LLC bought a new position in PHX Minerals during the 4th quarter valued at approximately $1,160,000. Geode Capital Management LLC lifted its holdings 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 worth $1,023,000 after buying an additional 32,406 shares during the period. Empowered Funds LLC lifted its holdings in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 6,320 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals in the 4th quarter worth approximately $106,000. 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.