PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research report report published on Monday morning. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Up 3.4 %

Shares of PHX stock opened at $3.90 on Monday. The business’s fifty day moving average price is $3.97 and its 200 day moving average price is $3.73. PHX Minerals has a 1-year low of $2.96 and a 1-year high of $4.24. The firm has a market capitalization of $146.10 million, a PE ratio of 29.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PHX. Empowered Funds LLC grew its holdings in 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 worth $435,000 after acquiring an additional 6,566 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals during the third quarter worth $44,000. Barclays PLC acquired a new position in PHX Minerals during the third quarter worth $37,000. Geode Capital Management LLC grew its holdings in PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 32,406 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in PHX Minerals in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 38.19% of the company’s 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.