PHX Minerals (NYSE:PHX) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued on Monday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Down 1.3 %

PHX Minerals stock opened at $3.68 on Monday. 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 firm’s fifty day moving average is $3.98 and its 200 day moving average is $3.72. PHX Minerals has a 12-month low of $2.96 and a 12-month high of $4.24. The company has a market capitalization of $138.04 million, a PE ratio of 28.33 and a beta of 0.51.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHX. Truffle Hound Capital LLC acquired a new position in PHX Minerals during the fourth quarter worth $1,160,000. Dimensional Fund Advisors LP raised its holdings in 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 worth $7,256,000 after buying an additional 86,053 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in PHX Minerals during the fourth quarter worth $211,000. Jane Street Group LLC acquired a new position in PHX Minerals during the fourth quarter worth $181,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in PHX Minerals during the fourth quarter worth $146,000. 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.