Short Interest in PHX Minerals Inc. (NYSE:PHX) Drops By 18.3%

PHX Minerals Inc. (NYSE:PHX) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 125,300 shares, a decline of 18.3% from the August 15th total of 153,400 shares. Based on an average daily volume of 43,300 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of PHX Minerals

Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of PHX Minerals during the 2nd quarter worth $40,000. Meixler Investment Management Ltd. purchased a new position in shares of PHX Minerals in the second quarter worth about $57,000. Victory Capital Management Inc. bought a new stake in shares of PHX Minerals in the fourth quarter valued at approximately $84,000. Ritholtz Wealth Management lifted its stake in shares of PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 8,220 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in PHX Minerals by 8.2% in the 1st quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer’s stock worth $387,000 after buying an additional 8,575 shares during the period. 38.19% of the stock is owned by hedge funds and other institutional investors.

PHX Minerals Trading Up 1.8 %

Shares of PHX Minerals stock opened at $3.41 on Monday. The firm has a market cap of $127.88 million, a PE ratio of 31.00 and a beta of 0.57. PHX Minerals has a 1 year low of $2.95 and a 1 year high of $3.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a fifty day moving average price of $3.32 and a 200-day moving average price of $3.28.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. The business had revenue of $9.54 million for the quarter, compared to analyst estimates of $7.40 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that PHX Minerals will post 0.1 EPS for the current year.

PHX Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.69%. This is a positive change from PHX Minerals’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, August 23rd. PHX Minerals’s dividend payout ratio is 145.47%.

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.