BlackRock Inc. grew its position in shares of Panhandle Oil and Gas Inc. (NYSE:PHX) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,171,021 shares of the oil and gas producer’s stock after acquiring an additional 5,664 shares during the quarter. BlackRock Inc. owned about 7.00% of Panhandle Oil and Gas worth $18,151,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in Panhandle Oil and Gas by 45.1% in the fourth quarter. Rhumbline Advisers now owns 22,157 shares of the oil and gas producer’s stock worth $343,000 after acquiring an additional 6,884 shares during the period. Deprince Race & Zollo Inc. raised its holdings in Panhandle Oil and Gas by 1,818.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 295,652 shares of the oil and gas producer’s stock worth $4,583,000 after purchasing an additional 280,245 shares in the last quarter. Vanguard Group Inc raised its holdings in Panhandle Oil and Gas by 0.3% in the third quarter. Vanguard Group Inc now owns 710,337 shares of the oil and gas producer’s stock worth $13,106,000 after purchasing an additional 2,000 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in Panhandle Oil and Gas by 57.9% in the third quarter. MetLife Investment Advisors LLC now owns 12,406 shares of the oil and gas producer’s stock worth $229,000 after purchasing an additional 4,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Panhandle Oil and Gas by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 704,413 shares of the oil and gas producer’s stock worth $12,997,000 after purchasing an additional 30,373 shares in the last quarter. Institutional investors own 60.51% of the company’s stock.

A number of equities analysts have commented on PHX shares. Zacks Investment Research upgraded shares of Panhandle Oil and Gas from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, January 9th. Scotiabank reiterated a “buy” rating and issued a $4.50 target price on shares of Panhandle Oil and Gas in a report on Thursday, February 28th.

Shares of Panhandle Oil and Gas stock opened at $15.48 on Tuesday. The stock has a market capitalization of $259.36 million, a price-to-earnings ratio of 45.53 and a beta of 0.55. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 0.30. Panhandle Oil and Gas Inc. has a one year low of $14.24 and a one year high of $22.25.

Panhandle Oil and Gas (NYSE:PHX) last announced its earnings results on Thursday, February 7th. The oil and gas producer reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.40. The business had revenue of $12.21 million during the quarter, compared to the consensus estimate of $11.79 million. Panhandle Oil and Gas had a net margin of 30.36% and a return on equity of 6.93%. On average, sell-side analysts anticipate that Panhandle Oil and Gas Inc. will post -0.02 EPS for the current year.

In other news, VP Raphael D’amico bought 3,200 shares of Panhandle Oil and Gas stock in a transaction on Monday, February 11th. The stock was acquired at an average cost of $15.55 per share, for a total transaction of $49,760.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company’s stock.

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About Panhandle Oil and Gas

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 principal properties are located in Oklahoma, Arkansas, Texas, New Mexico, and North Dakota. As of September 30, 2018, the company owned perpetual ownership of 258,555 net mineral acres; leased 17,203 net acres; and held working interests and royalty interests in 6,079 producing oil and natural gas wells, as well as had 69 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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