Panhandle Oil and Gas(NYSE:PHX) Declares Dividend of $0.0400.

Panhandle Oil and Gas (NYSE:PHX) had declared a cash dividend of $0.0400 on Jul 26, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed for Aug 19, 2016. On Jul 26, 2016 share price, the yield comes out to be 0.9969%. The dividend payable date has been fixed on Sep 2, 2016.

Panhandle Oil and Gas (PHX) made into the market gainers list on Fridays trading session with the shares advancing 1.93% or 0.31 points. Due to strong positive momentum, the stock ended at $16.36, which is also near the day’s high of $16.5. The stock began the session at $15.9 and the volume stood at 24,439 shares. The 52-week high of the shares is $20.2 and the 52 week low is $10.82. The company has a current market capitalization of $271 M and it has 1,65,82,380 shares in outstanding.

Panhandle Oil and Gas(PHX) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.04.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Robert Robotti (director) sold 10,000 shares at $16.11 per share price.Also, On Jun 23, 2016, Michael C Coffman (Chief Executive Officer) sold 24,100 shares at $16.25 per share price.On Jun 13, 2016, Robb Winfield (Chief Accounting Officer) sold 460 shares at $16.66 per share price, according to the Form-4 filing with the securities and exchange commission.

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 the Company’s mineral and leasehold acreage. Its mineral and leasehold properties are located primarily in Arkansas New Mexico North Dakota Oklahoma and Texas with properties also located in several other states of the United States. The majority of the Company’s oil natural gas liquids (NGL) and natural gas production is from wells located in Oklahoma and Arkansas. The Company’s principal products in order of revenue generated are natural gas crude oil and NGL. These products are sold to various purchasers including pipeline and marketing companies which service the areas where the Company’s producing wells are located.

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