Short Interest in PHX Minerals Inc. (NYSE:PHX) Grows By 71.7%

PHX Minerals Inc. (NYSE:PHX - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 123,300 shares, an increase of 71.7% from the May 15th total of 71,800 shares. Approximately 0.5% of the company's stock are sold short. Based on an average trading volume of 427,200 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PHX. Wall Street Zen started coverage on PHX Minerals in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Johnson Rice cut PHX Minerals from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in PHX Minerals during the 1st quarter valued at $27,000. Robotti Robert raised its position in shares of PHX Minerals by 19.7% in the first quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer's stock valued at $68,000 after purchasing an additional 2,821 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of PHX Minerals during the 4th quarter worth about $72,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of PHX Minerals during the 1st quarter worth about $77,000. Finally, Oppenheimer Asset Management Inc. boosted 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 worth $78,000 after buying an additional 4,942 shares during the period. 38.19% of the stock is currently owned by institutional investors.

PHX Minerals Stock Performance

NYSE PHX traded up $0.01 on Wednesday, hitting $4.35. 1,067,488 shares of the stock were exchanged, compared to its average volume of 172,212. The company has a market capitalization of $164.76 million, a PE ratio of 22.87 and a beta of 0.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 1.80. The business's fifty day moving average is $4.09 and its 200 day moving average is $3.99. PHX Minerals has a 52 week low of $3.09 and a 52 week high of $4.35.

PHX Minerals (NYSE:PHX - Get Free Report) last issued its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.08. PHX Minerals had a net margin of 20.08% and a return on equity of 5.57%. The company had revenue of $7.60 million for the quarter, compared to analysts' expectations of $10.26 million.

PHX Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.68%. PHX Minerals's payout ratio is 84.21%.

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.