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Panhandle Oil & Gas (NYSE:PHX) Director Robert A. Reece unloaded 1,000 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $58.18, for a total value of $58,180.00. Following the completion of the sale, the director now directly owns 26,815 shares of the company’s stock, valued at approximately $1,560,097. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Panhandle Oil & Gas (NYSE:PHX) traded down 2.41% on Tuesday, hitting $57.06. The stock had a trading volume of 44,833 shares. Panhandle Oil & Gas has a 52-week low of $27.27 and a 52-week high of $59.50. The stock’s 50-day moving average is $49.47 and its 200-day moving average is $40.74. The company has a market cap of $469.9 million and a price-to-earnings ratio of 22.86.

Panhandle Oil & Gas (NYSE:PHX) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter. The company had revenue of $19.75 million for the quarter, compared to the consensus estimate of $12.58 million.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 22nd.

Panhandle Oil and Gas Inc (NYSE:PHX) is engaged in the acquisition, management and development of oil and natural gas properties, including wells located on its mineral and leasehold acreage.

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