PHX Minerals Inc. (NYSE:PHX) Sees Significant Decrease in Short Interest

PHX Minerals Inc. (NYSE:PHX) was the recipient of a significant 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. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 72,300 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PHX. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 78,008 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $1,023,000 after purchasing an additional 32,406 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of PHX Minerals by 5.4% in the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. James Investment Research Inc. boosted its position in shares of PHX Minerals by 40.9% in the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals during the third quarter valued at $44,000. 38.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a report on Monday. They issued a “hold” rating for the company.

PHX Minerals Price Performance

Shares of NYSE PHX traded down $0.01 during trading on Thursday, hitting $4.00. The company had a trading volume of 92,478 shares, compared to its average volume of 98,058. The company has a market cap of $149.92 million, a P/E 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 business’s 50-day moving average is $3.83 and its 200 day moving average is $3.54. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.08.

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

PHX Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s dividend payout ratio is presently 123.08%.

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.