Panhandle Oil and Gas (PHX) Sets New 12-Month Low at $16.11

Panhandle Oil and Gas Inc. (NYSE:PHX) shares hit a new 52-week low on Tuesday . The company traded as low as $16.11 and last traded at $16.26, with a volume of 5991 shares changing hands. The stock had previously closed at $16.62.

The stock has a market cap of $270.47 million, a price-to-earnings ratio of 78.95 and a beta of 0.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.97%. Panhandle Oil and Gas’s dividend payout ratio (DPR) is 76.19%.

A number of institutional investors have recently modified their holdings of the stock. Trigran Investments Inc. lifted its position in Panhandle Oil and Gas by 1.7% during the second quarter. Trigran Investments Inc. now owns 2,175,069 shares of the oil and gas producer’s stock valued at $41,544,000 after purchasing an additional 35,923 shares during the period. BlackRock Inc. lifted its position in Panhandle Oil and Gas by 0.6% during the third quarter. BlackRock Inc. now owns 1,165,357 shares of the oil and gas producer’s stock valued at $21,502,000 after purchasing an additional 6,903 shares during the period. Dimensional Fund Advisors LP lifted its position in Panhandle Oil and Gas by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 704,413 shares of the oil and gas producer’s stock valued at $12,997,000 after purchasing an additional 30,373 shares during the period. Amica Pension Fund Board of Trustees lifted its position in Panhandle Oil and Gas by 8.1% during the third quarter. Amica Pension Fund Board of Trustees now owns 244,918 shares of the oil and gas producer’s stock valued at $4,519,000 after purchasing an additional 18,422 shares during the period. Finally, Amica Mutual Insurance Co. lifted its position in Panhandle Oil and Gas by 13.1% during the third quarter. Amica Mutual Insurance Co. now owns 235,986 shares of the oil and gas producer’s stock valued at $4,354,000 after purchasing an additional 27,268 shares during the period. Institutional investors own 59.06% of the company’s stock.

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About Panhandle Oil and Gas (NYSE:PHX)

Panhandle Oil and Gas Inc acquires, develops, and manages oil and natural gas properties in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma, and Texas. As of September 30, 2017, the company owned perpetual ownership of 255,039 net mineral acres; leased 19,351 net acres; and held working and royalty interests in 6,095 producing oil and natural gas wells, as well as 63 wells in the process of being drilled or completed.

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