PHX Minerals Inc. (NYSE:PHX) Sees Large Increase in Short Interest

PHX Minerals Inc. (NYSE:PHX - Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 427,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Johnson Rice lowered shares of PHX Minerals from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Wall Street Zen assumed coverage on shares of PHX Minerals in a report on Wednesday, May 21st. They issued a "hold" rating on the stock.

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in PHX Minerals during the fourth quarter valued at $181,000. Truffle Hound Capital LLC purchased a new stake in PHX Minerals during the fourth quarter valued at $1,160,000. Dimensional Fund Advisors LP raised its stake in PHX Minerals by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer's stock valued at $7,256,000 after purchasing an additional 86,053 shares in the last quarter. Empowered Funds LLC raised its stake in PHX Minerals by 4.9% during the fourth 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in PHX Minerals during the fourth quarter valued at $106,000. Institutional investors own 38.19% of the company's stock.

PHX Minerals Price Performance

PHX Minerals stock remained flat at $4.33 during trading hours on Friday. 771,060 shares of the company's stock traded hands, compared to its average volume of 164,812. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market cap of $164.20 million, a PE ratio of 33.31 and a beta of 0.05. PHX Minerals has a twelve month low of $3.09 and a twelve month high of $4.34. The stock has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $3.98.

PHX Minerals (NYSE:PHX - Get Free Report) last announced its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.08. The business had revenue of $7.60 million during the quarter, compared to analysts' expectations of $10.26 million. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.70%. PHX Minerals's dividend 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.

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