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

Panhandle Oil and Gas Inc. (NYSE:PHX) Director H Grant Swartzwelder sold 6,959 shares of the stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $20.57, for a total value of $143,146.63. Following the completion of the sale, the director now owns 9,243 shares in the company, valued at approximately $190,128.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value of $143,146.63.

Panhandle Oil and Gas Inc. (NYSE:PHX) traded up $0.20 during mid-day trading on Wednesday, reaching $20.75. The company’s stock had a trading volume of 129,000 shares, compared to its average volume of 90,350. 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 twelve month low of $17.55 and a twelve month high of $25.30. The stock has a market capitalization of $342.73, a price-to-earnings ratio of 98.81 and a beta of 0.47.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.77%. Panhandle Oil and Gas’s payout ratio is 76.19%.

A number of hedge funds have recently added to or reduced their stakes in PHX. JPMorgan Chase & Co. purchased a new stake in Panhandle Oil and Gas in the third quarter worth $178,000. OxFORD Asset Management LLP purchased a new stake in Panhandle Oil and Gas in the second quarter worth $218,000. Voya Investment Management LLC bought a new position in shares of Panhandle Oil and Gas during the 2nd quarter worth $246,000. Prudential Financial Inc. bought a new position in shares of Panhandle Oil and Gas during the 3rd quarter worth $298,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Panhandle Oil and Gas by 13.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,024 shares of the oil and gas producer’s stock worth $323,000 after buying an additional 1,672 shares in the last quarter. Institutional investors and hedge funds own 58.14% of the company’s stock.

Separately, ValuEngine lowered Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research note on Sunday.

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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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