October 23, 2017
Panhandle Oil & Gas Inc (NYSE:PHX) institutional sentiment increased to 1.46 in Q2 2017. Its up 0.46, from 1 in 2017Q1. The ratio has improved, as 35 funds opened new or increased stock positions, while 24 sold and reduced their positions in Panhandle Oil & Gas Inc. The funds in our partner’s database now possess: 9.24 million shares, up from 8.95 million shares in 2017Q1. Also, the number of funds holding Panhandle Oil & Gas Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 19 Increased: 25 New Position: 10.
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 has market cap of $393.44 million. 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. It has a 124.22 P/E ratio. The Company’s oil, natural gas liquids and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas.
The stock increased 0.43% or $0.1 on October 20, reaching $23.6. About shares traded. Panhandle Oil and Gas Inc. (NYSE:PHX) has risen 14.69% since October 23, 2016 and is uptrending. It has underperformed by 2.01% the S&P500.
Trigran Investments Inc. holds 11.44% of its portfolio in Panhandle Oil and Gas Inc. for 1.93 million shares. Robotti Robert owns 754,201 shares or 5.26% of their US portfolio. Moreover, Alphaone Investment Services Llc has 1.17% invested in the company for 188,187 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.54% in the stock. Amica Retiree Medical Trust, a Rhode Island-based fund reported 28,784 shares.#img1#
More notable recent Panhandle Oil and Gas Inc. (NYSE:PHX) news were published by: Seekingalpha.com which released: “Panhandle Oil And Gas: A Great Company But Avoid The Stock For Now” on August 15, 2014, also Prnewswire.com with their article: “Panhandle Oil and Gas Inc. Announces Company Presentation at NobleCon 13 …” published on January 20, 2017, Quotes.Wsj.com published: “Panhandle Oil & Gas Inc.” on February 11, 2011. More interesting news about Panhandle Oil and Gas Inc. (NYSE:PHX) were released by: Newsok.com and their article: “Earnings: Panhandle Oil and Gas Inc.” published on August 09, 2016 as well as Seekingalpha.com‘s news article titled: “Royalty Trusts Sing The Oil Well Blues” with publication date: January 12, 2016.
Source: By Richard Conner
Compiled and Published by GIB KNIGHT
Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.