PHX Minerals Inc. (NYSE:PHX) Short Interest Update

PHX Minerals Inc. (NYSE:PHX) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 168,200 shares, an increase of 25.3% from the November 30th total of 134,200 shares. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of PHX Minerals

Several institutional investors have recently added to or reduced their stakes in PHX. Barclays PLC bought a new position in PHX Minerals in the 3rd quarter valued at $37,000. Geode Capital Management LLC grew 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 worth $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals in the 3rd quarter worth about $44,000. Empowered Funds LLC lifted its holdings in PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after buying an additional 6,566 shares in the last quarter. Finally, James Investment Research Inc. lifted its holdings in PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 38.19% of the company’s stock.

PHX Minerals Trading Up 3.1 %

Shares of NYSE PHX traded up $0.12 during trading hours on Friday, hitting $3.97. 68,498 shares of the company traded hands, compared to its average volume of 54,342. The company’s 50 day moving average price is $3.72 and its 200 day moving average price is $3.47. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.08. The stock has a market capitalization of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.58. 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 (NYSE:PHX) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The firm had revenue of $9.14 million for the quarter. During the same period last year, the firm 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. Investors of record on Thursday, November 21st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Thursday, November 21st. PHX Minerals’s dividend payout ratio (DPR) is currently 123.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research report on Saturday. 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.