Nationwide Fund Advisors continued to hold its position in shares of Panhandle Royalty Company (NYSE:PHX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,423 shares of the oil and gas producer’s stock at the end of the second quarter. Nationwide Fund Advisors owned about 0.06% of Panhandle Royalty worth $241,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TIAA CREF Investment Management LLC grew its holdings in Panhandle Royalty by 5.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 42,271 shares of the oil and gas producer’s stock worth $976,000 after acquiring an additional 2,336 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of Panhandle Royalty by 3.9% during the 2nd quarter. Trigran Investments Inc. now owns 1,933,326 shares of the oil and gas producer’s stock worth $44,660,000 after buying an additional 73,382 shares during the last quarter. Financial Counselors Inc. purchased a new stake in shares of Panhandle Royalty during the 2nd quarter worth approximately $1,391,000. Alliancebernstein L.P. lifted its position in shares of Panhandle Royalty by 89.3% during the 2nd quarter. Alliancebernstein L.P. now owns 19,292 shares of the oil and gas producer’s stock worth $446,000 after buying an additional 9,100 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Panhandle Royalty by 8.1% during the 2nd quarter. Royce & Associates LP now owns 201,000 shares of the oil and gas producer’s stock worth $4,643,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.
Separately, BidaskClub upgraded shares of Panhandle Royalty from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
Shares of Panhandle Royalty Company (NYSE PHX) opened at $21.65 on Tuesday. The firm has a market cap of $371.75, a P/E ratio of 110.75 and a beta of 0.51. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.43. Panhandle Royalty Company has a 12-month low of $17.55 and a 12-month high of $27.70.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.74%. Panhandle Royalty’s dividend payout ratio is presently 80.00%.
Panhandle Royalty Company Profile
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.
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