Balyasny Asset Management L.P. Buys New Position in PHX Minerals Inc. (NYSE:PHX)

Balyasny Asset Management L.P. purchased a new position in shares of PHX Minerals Inc. (NYSE:PHX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,387 shares of the oil and gas producer’s stock, valued at approximately $86,000. Balyasny Asset Management L.P. owned approximately 0.06% of PHX Minerals as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of PHX Minerals during the third quarter valued at approximately $37,000. Y Intercept Hong Kong Ltd acquired a new stake in PHX Minerals during the 4th quarter valued at $106,000. Bank of America Corp DE increased its stake in PHX Minerals by 14.3% during the 4th quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock worth $143,000 after buying an additional 4,465 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in PHX Minerals in the 4th quarter worth $146,000. Finally, Jane Street Group LLC purchased a new position in PHX Minerals in the 4th quarter valued at about $181,000. Hedge funds and other institutional investors own 38.19% of the company’s stock.

PHX Minerals Price Performance

PHX stock opened at $4.34 on Monday. The stock’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.88. PHX Minerals Inc. has a 52-week low of $3.09 and a 52-week high of $4.34. The company has a market capitalization of $164.39 million, a PE ratio of 33.35 and a beta of -0.01. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX) last released its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. The business had revenue of $7.60 million during the quarter, compared to the consensus estimate of $10.26 million. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Tuesday, May 20th. PHX Minerals’s payout ratio is currently 84.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on PHX Minerals in a research report on Tuesday, May 13th. They set a “hold” rating on the stock.

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.