Amica Pension Fund Board of Trustees lifted its stake in Panhandle Oil and Gas Inc. (NYSE:PHX) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,918 shares of the oil and gas producer’s stock after acquiring an additional 18,422 shares during the quarter. Amica Pension Fund Board of Trustees’ holdings in Panhandle Oil and Gas were worth $4,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PHX. Amica Mutual Insurance Co. raised its position in shares of Panhandle Oil and Gas by 13.1% in the 3rd quarter. Amica Mutual Insurance Co. now owns 235,986 shares of the oil and gas producer’s stock valued at $4,354,000 after purchasing an additional 27,268 shares during the last quarter. BlackRock Inc. raised its position in shares of Panhandle Oil and Gas by 0.6% in the 3rd quarter. BlackRock Inc. now owns 1,165,357 shares of the oil and gas producer’s stock valued at $21,502,000 after purchasing an additional 6,903 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Panhandle Oil and Gas in the 3rd quarter valued at approximately $334,000. Deprince Race & Zollo Inc. purchased a new position in shares of Panhandle Oil and Gas in the 3rd quarter valued at approximately $284,000. Finally, Northern Trust Corp raised its position in shares of Panhandle Oil and Gas by 1.5% in the 2nd quarter. Northern Trust Corp now owns 230,020 shares of the oil and gas producer’s stock valued at $4,394,000 after purchasing an additional 3,383 shares during the last quarter. Hedge funds and other institutional investors own 59.06% of the company’s stock.

Shares of Panhandle Oil and Gas stock opened at $16.58 on Thursday. The company has a market capitalization of $278.86 million, a P/E ratio of 78.95 and a beta of 0.34. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. Panhandle Oil and Gas Inc. has a 52 week low of $16.02 and a 52 week high of $23.10.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, November 20th. Panhandle Oil and Gas’s dividend payout ratio is presently 76.19%.

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Panhandle Oil and Gas Company Profile

Panhandle Oil and Gas Inc acquires, develops, and manages oil and natural gas properties in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma, and Texas. As of September 30, 2017, the company owned perpetual ownership of 255,039 net mineral acres; leased 19,351 net acres; and held working and royalty interests in 6,095 producing oil and natural gas wells, as well as 63 wells in the process of being drilled or completed.

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Institutional Ownership by Quarter for Panhandle Oil and Gas (NYSE:PHX)

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