PHX Minerals Inc. (NYSE:PHX) Short Interest Down 18.3% in August

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

PHX Minerals Stock Performance

Shares of NYSE:PHX traded up $0.01 during trading on Tuesday, hitting $3.42. 3,558 shares of the company were exchanged, compared to its average volume of 49,231. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.81. The stock has a 50 day moving average of $3.33 and a 200 day moving average of $3.28. 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 company has a market cap of $128.11 million, a PE ratio of 31.00 and a beta of 0.57.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 EPS for the quarter, beating 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 firm had revenue of $9.54 million during the quarter, compared to the consensus estimate of $7.40 million. During the same period last year, the firm earned ($0.02) EPS. As a group, equities research analysts predict that PHX Minerals will post 0.1 EPS for the current year.

PHX Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.16 annualized dividend and a yield of 4.68%. This is a positive change from PHX Minerals’s previous quarterly dividend of $0.03. PHX Minerals’s dividend payout ratio is currently 145.45%.

Hedge Funds Weigh In On PHX Minerals

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC raised its position in shares of PHX Minerals by 52.6% in the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock worth $1,676,000 after acquiring an additional 169,470 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of PHX Minerals during the 4th quarter valued at $84,000. Russell Investments Group Ltd. grew its position in shares of PHX Minerals by 48.4% in the 1st quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock worth $1,013,000 after buying an additional 96,894 shares during the period. Empowered Funds LLC increased its stake in shares of 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 acquiring an additional 8,575 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in 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 acquiring an additional 8,220 shares during the period. 38.19% of the stock is owned by hedge funds and other institutional investors.

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.