Rhumbline Advisers lowered its position in Panhandle Royalty Company (NYSE:PHX) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,602 shares of the oil and gas producer’s stock after selling 65 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Panhandle Royalty worth $430,000 as of its most recent SEC filing.

Separately, BidaskClub cut Panhandle Royalty from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th.

Shares of Panhandle Royalty Company (NYSE PHX) opened at 24.75 on Friday. Panhandle Royalty Company has a 12 month low of $17.10 and a 12 month high of $27.70. The company has a market cap of $412.61 million, a PE ratio of 129.58 and a beta of 0.59. The firm’s 50-day moving average price is $22.63 and its 200 day moving average price is $21.18.

Panhandle Royalty (NYSE:PHX) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported $0.07 earnings per share for the quarter. Panhandle Royalty had a return on equity of 2.82% and a net margin of 7.41%. The business had revenue of $12.44 million for the quarter. Equities research analysts anticipate that Panhandle Royalty Company will post $1.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, August 18th. Panhandle Royalty’s dividend payout ratio is currently 80.00%.

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About Panhandle Royalty

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.

Institutional Ownership by Quarter for Panhandle Royalty (NYSE:PHX)

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