PHX Minerals Inc. (NYSE:PHX) Short Interest Up 43.0% in March

PHX Minerals Inc. (NYSE:PHX) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 175,300 shares, an increase of 43.0% from the February 28th total of 122,600 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 83,700 shares, the days-to-cover ratio is presently 2.1 days.

PHX Minerals Trading Down 1.2 %

PHX traded down $0.05 during trading on Monday, hitting $3.95. 46,499 shares of the company’s stock were exchanged, compared to its average volume of 58,998. PHX Minerals has a 1 year low of $3.09 and a 1 year high of $4.24. The stock has a 50 day moving average price of $3.98 and a 200 day moving average price of $3.79. The firm has a market cap of $149.94 million, a P/E ratio of 30.42 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.

PHX Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 4.05%. PHX Minerals’s dividend payout ratio (DPR) is presently 266.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of PHX Minerals in a report on Wednesday, March 26th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On PHX Minerals

A number of large investors have recently added to or reduced their stakes in PHX. Bank of America Corp DE boosted its position in PHX Minerals by 14.3% in the 4th 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. Empowered Funds LLC increased its position in shares of PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after acquiring an additional 6,320 shares during the last quarter. Bridgeway Capital Management LLC lifted 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 worth $1,646,000 after acquiring an additional 9,720 shares in the last quarter. Barclays PLC purchased a new position in PHX Minerals in the third quarter valued at about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals during the 3rd quarter valued at approximately $44,000. 38.19% of the stock is owned by institutional investors and hedge funds.

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.