Dimensional Fund Advisors LP lifted its holdings in shares of Panhandle Oil and Gas Inc. (NYSE:PHX) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 715,806 shares of the oil and gas producer’s stock after buying an additional 11,393 shares during the period. Dimensional Fund Advisors LP owned approximately 4.29% of Panhandle Oil and Gas worth $11,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Panhandle Oil and Gas by 68.1% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,469 shares of the oil and gas producer’s stock worth $472,000 after buying an additional 12,340 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Panhandle Oil and Gas by 1,818.9% during 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 buying an additional 280,245 shares during the period. BlackRock Inc. boosted its stake in shares of Panhandle Oil and Gas by 0.5% during the fourth quarter. BlackRock Inc. now owns 1,171,021 shares of the oil and gas producer’s stock worth $18,151,000 after buying an additional 5,664 shares during the period. Vanguard Group Inc boosted its stake in shares of Panhandle Oil and Gas by 0.3% during the third quarter. Vanguard Group Inc now owns 710,337 shares of the oil and gas producer’s stock worth $13,106,000 after buying an additional 2,000 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Panhandle Oil and Gas by 57.9% during the third quarter. MetLife Investment Advisors LLC now owns 12,406 shares of the oil and gas producer’s stock worth $229,000 after buying an additional 4,551 shares during the period. Institutional investors and hedge funds own 60.51% of the company’s stock.

Shares of PHX opened at $15.18 on Friday. Panhandle Oil and Gas Inc. has a fifty-two week low of $14.24 and a fifty-two week high of $22.25. The stock has a market cap of $253.31 million, a PE ratio of 44.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.48 and a quick ratio of 4.48.

Panhandle Oil and Gas (NYSE:PHX) last announced its earnings results on Thursday, February 7th. The oil and gas producer reported $0.47 earnings per share for the quarter, topping the 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.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Panhandle Oil and Gas from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Saturday, April 13th. Scotiabank reiterated a “buy” rating and set a $4.50 target price on shares of Panhandle Oil and Gas in a research note on Thursday, February 28th.

In other news, VP Raphael D’amico acquired 3,200 shares of Panhandle Oil and Gas stock in a transaction that occurred on Monday, February 11th. The stock was purchased at an average price of $15.55 per share, for a total transaction of $49,760.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by company insiders.

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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 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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