Panhandle Royalty Company (PHX) Holdings Trimmed by Hodges Capital Management Inc.
Hodges Capital Management Inc. trimmed its position in Panhandle Royalty Company (NYSE:PHX) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,050 shares of the oil and gas producer’s stock after selling 2,500 shares during the period. Hodges Capital Management Inc. owned approximately 0.42% of Panhandle Royalty worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in PHX. OxFORD Asset Management LLP acquired a new stake in Panhandle Royalty in the second quarter valued at approximately $218,000. Voya Investment Management LLC acquired a new stake in Panhandle Royalty in the second quarter valued at approximately $246,000. Prudential Financial Inc. acquired a new stake in Panhandle Royalty in the third quarter valued at approximately $298,000. The Manufacturers Life Insurance Company boosted its stake in Panhandle Royalty by 13.5% in the second quarter. The Manufacturers Life Insurance Company now owns 14,024 shares of the oil and gas producer’s stock valued at $323,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Panhandle Royalty in the third quarter valued at approximately $376,000. Institutional investors own 56.82% of the company’s stock.
Separately, BidaskClub upgraded shares of Panhandle Royalty from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.
Shares of Panhandle Royalty Company (NYSE:PHX) opened at $22.60 on Thursday. The firm has a market cap of $380.14, a P/E ratio of 113.25 and a beta of 0.51. Panhandle Royalty Company has a one year low of $17.50 and a one year high of $27.70. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.43.
Panhandle Royalty (NYSE:PHX) last announced its earnings results on Monday, August 7th. The oil and gas producer reported $0.07 earnings per share for the quarter. The company had revenue of $12.44 million during the quarter. Panhandle Royalty had a net margin of 7.41% and a return on equity of 2.82%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a $0.04 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.16 annualized dividend and a yield of 0.71%. Panhandle Royalty’s dividend payout ratio (DPR) is 80.00%.
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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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