Equities researchers at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the oil and gas producer’s stock.
PHX Minerals Trading Down 6.0 %
NYSE PHX opened at $3.59 on Thursday. PHX Minerals has a 12 month low of $3.09 and a 12 month high of $4.24. 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’s fifty day moving average price is $3.97 and its 200-day moving average price is $3.80. The stock has a market cap of $136.14 million, a P/E ratio of 27.62 and a beta of 0.51.
Institutional Investors Weigh In On PHX Minerals
A number of institutional investors have recently made changes to their positions in the company. Truffle Hound Capital LLC bought a new position in PHX Minerals in the 4th quarter valued at approximately $1,160,000. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PHX Minerals during the fourth quarter valued at $211,000. Jane Street Group LLC bought a new stake in PHX Minerals in the 4th quarter worth about $181,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in PHX Minerals in the 4th quarter worth about $146,000. 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.
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