Panhandle Oil and Gas Inc. (PHX) Director H Grant Swartzwelder Sells 6,959 Shares of Stock

Panhandle Oil and Gas Inc. (NYSE:PHX) Director H Grant Swartzwelder sold 6,959 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $20.57, for a total transaction of $143,146.63. Following the sale, the director now directly owns 9,243 shares of the company’s stock, valued at approximately $190,128.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

H Grant Swartzwelder also recently made the following trade(s):

  • On Friday, December 29th, H Grant Swartzwelder sold 6,959 shares of Panhandle Oil and Gas stock. The stock was sold at an average price of $20.57, for a total transaction of $143,146.63.

Shares of Panhandle Oil and Gas Inc. (NYSE PHX) traded up $1.35 during trading hours on Thursday, reaching $22.10. 54,200 shares of the company traded hands, compared to its average volume of 91,600. The company has a market cap of $346.07, a P/E ratio of 105.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.83 and a current ratio of 2.83. Panhandle Oil and Gas Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $25.30.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, February 16th. Panhandle Oil and Gas’s payout ratio is 76.19%.

A number of large investors have recently modified their holdings of the stock. Trigran Investments Inc. lifted its stake in Panhandle Oil and Gas by 2.0% in the 3rd quarter. Trigran Investments Inc. now owns 1,972,347 shares of the oil and gas producer’s stock valued at $46,942,000 after purchasing an additional 39,021 shares during the last quarter. Vanguard Group Inc. lifted its stake in Panhandle Oil and Gas by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 662,603 shares of the oil and gas producer’s stock valued at $15,307,000 after purchasing an additional 47,428 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Panhandle Oil and Gas by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,839 shares of the oil and gas producer’s stock valued at $13,777,000 after purchasing an additional 14,015 shares during the last quarter. Amica Mutual Insurance Co. increased its position in Panhandle Oil and Gas by 13.0% in the 3rd quarter. Amica Mutual Insurance Co. now owns 273,758 shares of the oil and gas producer’s stock valued at $6,515,000 after acquiring an additional 31,529 shares during the period. Finally, State Street Corp increased its position in Panhandle Oil and Gas by 4.6% in the 2nd quarter. State Street Corp now owns 266,219 shares of the oil and gas producer’s stock valued at $6,149,000 after acquiring an additional 11,620 shares during the period. 58.14% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd.

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About Panhandle Oil and Gas

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.

Insider Buying and Selling by Quarter for Panhandle Oil and Gas (NYSE:PHX)

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