Panhandle Oil and Gas Inc. (NYSE:PHX) Director Mark T. Behrman Buys 1,000 Shares

Panhandle Oil and Gas Inc. (NYSE:PHX) Director Mark T. Behrman purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $19.26 per share, with a total value of $19,260.00. Following the transaction, the director now directly owns 4,689 shares of the company’s stock, valued at $90,310.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE PHX opened at $19.20 on Friday. The company has a market cap of $330.84, a PE ratio of 49.50 and a beta of 0.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.74 and a quick ratio of 2.74. Panhandle Oil and Gas Inc. has a 1-year low of $17.65 and a 1-year high of $25.30.

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Panhandle Oil and Gas (NYSE:PHX) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $0.06 earnings per share for the quarter. The company had revenue of $12.49 million during the quarter. Panhandle Oil and Gas had a net margin of 37.76% and a return on equity of 5.79%. equities analysts predict that Panhandle Oil and Gas Inc. will post 1.11 earnings per share for the current year.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Roth Capital assumed coverage on shares of Panhandle Oil and Gas in a research report on Thursday, February 22nd. They issued a “buy” rating and a $27.00 price target for the company.

Several hedge funds and other institutional investors have recently bought and sold shares of PHX. Northern Trust Corp increased its holdings in shares of Panhandle Oil and Gas by 6.0% during the second quarter. Northern Trust Corp now owns 230,261 shares of the oil and gas producer’s stock worth $5,319,000 after buying an additional 13,076 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Panhandle Oil and Gas by 7.7% during the second quarter. Vanguard Group Inc. now owns 662,603 shares of the oil and gas producer’s stock worth $15,307,000 after buying an additional 47,428 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Panhandle Oil and Gas by 43.0% during the second quarter. Parametric Portfolio Associates LLC now owns 21,562 shares of the oil and gas producer’s stock worth $498,000 after buying an additional 6,483 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Panhandle Oil and Gas by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 564,824 shares of the oil and gas producer’s stock worth $13,047,000 after buying an additional 6,722 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in shares of Panhandle Oil and Gas during the second quarter worth approximately $246,000. 57.45% of the stock is owned by institutional investors.

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Panhandle Oil and Gas Company Profile

Panhandle Oil and Gas Inc is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states.

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