PHX Minerals (NYSE:PHX) Coverage Initiated by Analysts at StockNews.com

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

PHX Minerals Trading Up 2.8 %

NYSE PHX opened at $4.08 on Tuesday. The stock has a market cap of $154.72 million, a P/E ratio of 31.39 and a beta of 0.51. The company’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $3.75. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 52 week low of $3.01 and a 52 week high of $4.24.

Institutional Trading of PHX Minerals

Several large investors have recently modified their holdings of PHX. Bank of America Corp DE lifted its stake in shares of PHX Minerals by 14.3% in the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock worth $143,000 after acquiring an additional 4,465 shares in the last quarter. Empowered Funds LLC increased its holdings in PHX Minerals by 4.9% during the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 6,320 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of PHX Minerals by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer’s stock valued at $1,646,000 after purchasing an additional 9,720 shares in the last quarter. Barclays PLC purchased a new position in shares of PHX Minerals during the 3rd quarter valued at approximately $37,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals during the 3rd quarter valued at approximately $44,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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.