StockNews.com Begins Coverage on PHX Minerals (NYSE:PHX)

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 1.6 %

PHX Minerals stock opened at $3.81 on Friday. 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 $2.96 and a one year high of $4.24. The stock has a market capitalization of $142.80 million, a PE ratio of 29.31 and a beta of 0.54. The business’s fifty day moving average is $3.99 and its 200 day moving average is $3.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PHX. Barclays PLC bought a new position in shares of PHX Minerals in the third quarter worth about $37,000. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 32,406 shares during the period. Empowered Funds LLC boosted its holdings in PHX Minerals by 4.9% during the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 6,320 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals during the 3rd quarter valued at $44,000. Finally, James Investment Research Inc. lifted its holdings in shares of 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 period. 38.19% of the stock is owned by hedge funds and other 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.