Deprince Race & Zollo Inc. Invests $284,000 in Panhandle Oil and Gas Inc. (PHX)

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Deprince Race & Zollo Inc. bought a new position in shares of Panhandle Oil and Gas Inc. (NYSE:PHX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,407 shares of the oil and gas producer’s stock, valued at approximately $284,000. Deprince Race & Zollo Inc. owned approximately 0.09% of Panhandle Oil and Gas as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Panhandle Oil and Gas by 105.6% during the second quarter. Bank of America Corp DE now owns 5,811 shares of the oil and gas producer’s stock worth $111,000 after buying an additional 2,984 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Panhandle Oil and Gas during the second quarter worth approximately $239,000. UBS Group AG increased its position in Panhandle Oil and Gas by 188.0% during the first quarter. UBS Group AG now owns 15,704 shares of the oil and gas producer’s stock worth $303,000 after buying an additional 10,252 shares during the last quarter. Royce & Associates LP increased its position in Panhandle Oil and Gas by 6.5% during the second quarter. Royce & Associates LP now owns 205,200 shares of the oil and gas producer’s stock worth $3,919,000 after buying an additional 12,500 shares during the last quarter. Finally, North Star Asset Management Inc. increased its position in Panhandle Oil and Gas by 2.1% during the second quarter. North Star Asset Management Inc. now owns 229,003 shares of the oil and gas producer’s stock worth $4,374,000 after buying an additional 4,775 shares during the last quarter. Institutional investors and hedge funds own 58.88% of the company’s stock.

NYSE PHX traded down $0.32 during trading on Friday, reaching $17.63. 16,793 shares of the company’s stock were exchanged, compared to its average volume of 29,751. The company has a market cap of $295.64 million, a PE ratio of 83.95 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 fifty-two week low of $17.10 and a fifty-two 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 0.91%. The ex-dividend date is Tuesday, November 20th. Panhandle Oil and Gas’s dividend payout ratio (DPR) is presently 76.19%.

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Panhandle Oil and Gas 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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