PHX Minerals Inc. (NYSE:PHX) Sees Large Decline in Short Interest

PHX Minerals Inc. (NYSE:PHX) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 145,000 shares, a decline of 13.8% from the December 15th total of 168,200 shares. Based on an average daily trading volume, of 72,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of PHX Minerals

Several institutional investors have recently added to or reduced their stakes in PHX. Dimensional Fund Advisors LP increased its holdings in PHX Minerals by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after purchasing an additional 78,008 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 32,406 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals in the third quarter worth $44,000. Oppenheimer Asset Management Inc. acquired a new position in shares of PHX Minerals in the second quarter worth $40,000. Finally, Barclays PLC acquired a new position in shares of PHX Minerals in the third quarter worth $37,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Stock Down 0.2 %

PHX stock opened at $4.00 on Friday. The firm has a market cap of $149.92 million, a PE ratio of 30.77 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $3.54. PHX Minerals has a one year low of $2.95 and a one year high of $4.08.

PHX Minerals (NYSE:PHX) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The company had revenue of $9.14 million during the quarter. During the same period in the previous year, the business earned $0.07 EPS.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.04 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.16 annualized dividend and a yield of 4.00%. PHX Minerals’s dividend payout ratio (DPR) is presently 123.08%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of PHX Minerals in a research report on Monday. They set a “hold” rating on the 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.