StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a report published on Sunday. The brokerage issued a hold rating on the oil and gas producer's stock.
PHX Minerals Stock Up 0.4 %
PHX traded up $0.02 during trading on Friday, hitting $3.85. 68,798 shares of the company's stock traded hands, compared to its average volume of 62,179. PHX Minerals has a 12-month low of $3.09 and a 12-month high of $4.24. The company's 50 day simple moving average is $3.86 and its two-hundred day simple moving average is $3.84. 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 has a market capitalization of $145.81 million, a price-to-earnings ratio of 29.58 and a beta of 0.12.
PHX Minerals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, March 17th. PHX Minerals's payout ratio is presently 266.67%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new stake in PHX Minerals in the 3rd quarter worth approximately $37,000. Total Wealth Planning & Management Inc. bought a new stake in shares of PHX Minerals during the 4th quarter valued at $72,000. Oppenheimer Asset Management Inc. increased its stake in shares of PHX Minerals by 33.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,674 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 4,942 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in PHX Minerals in the 4th quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in PHX Minerals during the fourth quarter valued at $106,000. 38.19% of the stock is owned by hedge funds and other institutional investors.
PHX Minerals Company Profile
(
Get Free Report)
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.
Read More
Before you consider PHX Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PHX Minerals wasn't on the list.
While PHX Minerals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
