Panhandle Oil and Gas (PHX) Sets New 12-Month Low at $15.79

Shares of Panhandle Oil and Gas Inc. (NYSE:PHX) hit a new 52-week low on Monday . The stock traded as low as $15.79 and last traded at $16.02, with a volume of 700 shares trading hands. The stock had previously closed at $16.37.

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a market cap of $274.66 million, a price-to-earnings ratio of 75.71 and a beta of 0.34.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be given a $0.04 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.16 annualized dividend and a yield of 0.98%. Panhandle Oil and Gas’s payout ratio is currently 76.19%.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Panhandle Oil and Gas by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 674,040 shares of the oil and gas producer’s stock valued at $12,874,000 after buying an additional 41,378 shares during the period. BlackRock Inc. increased its stake in shares of Panhandle Oil and Gas by 3.4% during the second quarter. BlackRock Inc. now owns 1,158,454 shares of the oil and gas producer’s stock valued at $22,127,000 after buying an additional 38,189 shares during the period. Trigran Investments Inc. increased its stake in shares of 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 buying an additional 35,923 shares during the period. Amica Mutual Insurance Co. increased its stake in shares of 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 buying an additional 27,268 shares during the period. Finally, Amica Pension Fund Board of Trustees increased its stake in shares of 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 buying an additional 18,422 shares during the period. Hedge funds and other 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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