PHX Minerals (NYSE:PHX) Research Coverage Started at StockNews.com

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

PHX Minerals Stock Performance

Shares of PHX opened at $4.00 on Wednesday. PHX Minerals has a 12-month low of $3.09 and a 12-month high of $4.24. 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 company has a market cap of $151.69 million, a PE ratio of 30.77 and a beta of 0.51. The stock has a 50-day moving average price of $3.98 and a 200-day moving average price of $3.78.

PHX Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, March 17th. PHX Minerals’s payout ratio is 266.67%.

Institutional Trading of PHX Minerals

Hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new position in PHX Minerals in the third quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the 3rd quarter valued at about $44,000. Total Wealth Planning & Management Inc. bought a new position in shares of PHX Minerals during the 4th quarter valued at about $72,000. Balyasny Asset Management L.P. purchased a new position in shares of PHX Minerals during the 4th quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in PHX Minerals in the 4th quarter worth approximately $106,000. 38.19% of the stock is owned by institutional investors.

About PHX Minerals

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.