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

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

PHX Minerals Stock Performance

NYSE PHX opened at $4.01 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $4.08. The stock has a 50-day simple moving average of $3.82 and a two-hundred day simple moving average of $3.54. The firm has a market capitalization of $150.30 million, a P/E ratio of 30.85 and a beta of 0.57.

PHX Minerals (NYSE:PHXGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The business had revenue of $9.14 million during the quarter. During the same period in the previous year, the company posted $0.07 EPS.

PHX Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.04 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 3.99%. PHX Minerals’s dividend payout ratio is presently 123.08%.

Hedge Funds Weigh In On PHX Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in PHX Minerals by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock worth $5,320,000 after buying an additional 78,008 shares during the last quarter. Geode Capital Management LLC boosted 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 last quarter. Empowered Funds LLC boosted its holdings in PHX Minerals by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the last quarter. James Investment Research Inc. boosted its holdings in PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

About PHX Minerals

(Get Free Report)

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.

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