PHX Minerals Inc. (NYSE:PHX) Short Interest Update

PHX Minerals Inc. (NYSE:PHX - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 71,800 shares, a decrease of 53.1% from the April 30th total of 153,100 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 320,900 shares, the days-to-cover ratio is presently 0.2 days.

PHX Minerals Price Performance

PHX stock remained flat at $4.32 during trading on Friday. The company had a trading volume of 825,843 shares, compared to its average volume of 138,997. PHX Minerals has a 1 year low of $3.09 and a 1 year high of $4.34. The company has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $3.94. The stock has a market cap of $163.82 million, a price-to-earnings ratio of 33.23 and a beta of -0.01. 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 (NYSE:PHX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.08. The firm had revenue of $7.60 million during the quarter, compared to the consensus estimate of $10.26 million. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.16 annualized dividend and a yield of 3.70%. PHX Minerals's dividend payout ratio is currently 84.21%.

Analyst Ratings Changes

PHX has been the subject of a number of research analyst reports. Wall Street Zen began coverage on PHX Minerals in a report on Wednesday, May 21st. They set a "hold" rating for the company. Johnson Rice lowered PHX Minerals from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Institutional Trading of PHX Minerals

Large investors have recently added to or reduced their stakes in the stock. Robotti Robert lifted its holdings in PHX Minerals by 19.7% in the first quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer's stock worth $68,000 after acquiring an additional 2,821 shares during the last quarter. Bank of America Corp DE grew 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 in the last quarter. Y Intercept Hong Kong Ltd grew its position in PHX Minerals by 17.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 31,108 shares of the oil and gas producer's stock worth $123,000 after purchasing an additional 4,638 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of PHX Minerals by 33.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,674 shares of the oil and gas producer's stock valued at $78,000 after acquiring an additional 4,942 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of 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 in the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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.