PHX Minerals (NYSE:PHX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Shares of PHX Minerals Inc. (NYSE:PHX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.95 and traded as high as $4.33. PHX Minerals shares last traded at $4.33, with a volume of 408,711 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PHX. Wall Street Zen started coverage on shares of PHX Minerals in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Johnson Rice lowered shares of PHX Minerals from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

PHX Minerals Price Performance

The firm has a market capitalization of $164.01 million, a P/E ratio of 33.27 and a beta of 0.05. The business's 50-day simple moving average is $3.99 and its 200 day simple moving average is $3.96. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX - Get Free Report) last announced its quarterly earnings data 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 12.33% and a return on equity of 4.16%. The company had revenue of $7.60 million during the quarter, compared to analysts' expectations of $10.26 million.

PHX Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.04 per share. 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 3.70%. PHX Minerals's dividend payout ratio (DPR) is currently 84.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Edenbrook Capital LLC grew its position in PHX Minerals by 0.8% during the 1st quarter. Edenbrook Capital LLC now owns 3,606,085 shares of the oil and gas producer's stock worth $14,244,000 after acquiring an additional 28,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 during the period. Russell Investments Group Ltd. boosted its stake in shares of PHX Minerals by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 465,389 shares of the oil and gas producer's stock valued at $1,838,000 after purchasing an additional 15,591 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of PHX Minerals by 2.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer's stock worth $1,646,000 after purchasing an additional 9,720 shares during the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in shares of PHX Minerals in the fourth quarter worth $1,160,000. Hedge funds and other institutional investors own 38.19% of the company's stock.

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.