Short Interest in PHX Minerals Inc. (NYSE:PHX) Declines By 13.8%

PHX Minerals Inc. (NYSE:PHX) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 145,000 shares, a drop of 13.8% from the December 15th total of 168,200 shares. Based on an average trading volume of 72,300 shares, the short-interest ratio is currently 2.0 days. Approximately 0.5% of the company’s stock are sold short.

PHX Minerals Stock Up 1.4 %

Shares of NYSE PHX traded up $0.06 during midday trading on Friday, hitting $4.06. The stock had a trading volume of 250,603 shares, compared to its average volume of 74,174. The company has a market cap of $151.98 million, a P/E ratio of 31.19 and a beta of 0.57. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.10. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $3.84 and its 200-day moving average is $3.55.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The business had revenue of $9.14 million for the quarter. During the same quarter in the prior year, the firm posted $0.07 earnings per share.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 3.95%. The ex-dividend date was Thursday, November 21st. PHX Minerals’s dividend payout ratio is currently 123.09%.

Institutional Trading of PHX Minerals

Several large investors have recently modified their holdings of PHX. Oppenheimer Asset Management Inc. bought a new stake in shares of PHX Minerals during the 2nd quarter valued at $40,000. Dimensional Fund Advisors LP lifted its stake in PHX Minerals by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock worth $5,320,000 after purchasing an additional 78,008 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC grew its position in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals in the third quarter worth about $44,000. Institutional investors own 38.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on PHX Minerals in a research note on Monday, January 13th. They issued a “hold” rating on the stock.

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.