PHX Minerals (NYSE:PHX) Now Covered by Analysts at StockNews.com

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

PHX Minerals Price Performance

NYSE:PHX opened at $3.93 on Friday. The company has a market cap of $149.03 million, a P/E ratio of 30.23 and a beta of 0.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a one year low of $3.09 and a one year high of $4.24. The firm’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $3.82.

PHX Minerals Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.07%. PHX Minerals’s payout ratio is presently 266.67%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new stake in shares of PHX Minerals during the third quarter worth about $37,000. Total Wealth Planning & Management Inc. acquired a new position in PHX Minerals in the 4th quarter valued at approximately $72,000. Balyasny Asset Management L.P. acquired a new position in shares of PHX Minerals during the fourth quarter worth $86,000. Y Intercept Hong Kong Ltd acquired a new stake in PHX Minerals in the fourth quarter valued at $106,000. Finally, Bank of America Corp DE raised its position in PHX Minerals by 14.3% during the 4th quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock worth $143,000 after purchasing an additional 4,465 shares during the last quarter. 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.