Insider Selling: Panhandle Oil & Gas Director Unloads 35,909 Shares of Stock (PHX)
Panhandle Oil & Gas (NYSE:PHX) Director Duke R. Ligon unloaded 35,909 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $60.05, for a total transaction of $2,156,335.45. Following the completion of the transaction, the director now directly owns 92,961 shares of the company’s stock, valued at approximately $5,582,308. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Panhandle Oil & Gas (NYSE:PHX) traded down 0.82% on Thursday, hitting $60.63. The stock had a trading volume of 19,753 shares. Panhandle Oil & Gas has a 52-week low of $27.27 and a 52-week high of $68.89. The stock has a 50-day moving average of $62.16 and a 200-day moving average of $51.30. The company has a market cap of $499.5 million and a P/E ratio of 23.85.
Panhandle Oil & Gas (NYSE:PHX) last released its earnings data on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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