PHX Minerals (NYSE:PHX) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 0.3 %

Shares of NYSE:PHX opened at $4.09 on Tuesday. PHX Minerals has a 12-month low of $3.05 and a 12-month high of $4.24. The business’s fifty day simple moving average is $3.98 and its 200-day simple moving average is $3.75. The company has a market capitalization of $155.06 million, a PE ratio of 31.46 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.91%. PHX Minerals’s dividend payout ratio is presently 266.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PHX. Truffle Hound Capital LLC purchased a new position in shares of PHX Minerals in the 4th quarter valued at $1,160,000. Dimensional Fund Advisors LP grew its stake in PHX Minerals by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock worth $7,256,000 after buying an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in PHX Minerals during the 4th quarter worth $211,000. Jane Street Group LLC purchased a new position in PHX Minerals during the 4th quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in PHX Minerals during the 4th quarter worth $146,000. 38.19% of the stock is currently 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.