Analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX – Get Free Report) in a report issued on Monday. The firm set a “hold” rating on the oil and gas producer’s stock.
PHX Minerals Stock Performance
Shares of PHX Minerals stock opened at $3.78 on Monday. The company has a market capitalization of $141.68 million, a PE ratio of 29.08 and a beta of 0.51. PHX Minerals has a 12 month low of $2.96 and a 12 month high of $4.24. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $3.97 and its 200 day simple moving average is $3.73.
Institutional Trading of PHX Minerals
Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of PHX Minerals in the 3rd quarter valued at about $37,000. Geode Capital Management LLC raised its stake 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 valued at $1,023,000 after purchasing an additional 32,406 shares during the period. Empowered Funds LLC raised its stake in shares of PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after purchasing an additional 6,320 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of PHX Minerals in the 4th quarter valued at about $106,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 38.19% of the company’s stock.
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.
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