Wedbush Securities Inc. bought a new stake in Panhandle Royalty Company (NYSE:PHX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,800 shares of the oil and gas producer’s stock, valued at approximately $376,000. Wedbush Securities Inc. owned approximately 0.09% of Panhandle Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. North Star Asset Management Inc. increased its stake in shares of Panhandle Royalty by 4.7% in the second quarter. North Star Asset Management Inc. now owns 219,588 shares of the oil and gas producer’s stock valued at $5,073,000 after buying an additional 9,795 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of 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 buying an additional 1,672 shares in the last quarter. State Street Corp increased its stake in shares of Panhandle Royalty by 4.6% in the second quarter. State Street Corp now owns 266,219 shares of the oil and gas producer’s stock valued at $6,149,000 after buying an additional 11,620 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in Panhandle Royalty by 1.5% in the second quarter. Punch & Associates Investment Management Inc. now owns 119,800 shares of the oil and gas producer’s stock valued at $2,767,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Voya Investment Management LLC bought a new position in Panhandle Royalty in the second quarter valued at about $246,000. Institutional investors own 56.82% of the company’s stock.
Separately, BidaskClub upgraded Panhandle Royalty from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
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Panhandle Royalty Company (NYSE PHX) opened at $23.85 on Monday. 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 Company has a 1-year low of $17.35 and a 1-year high of $27.70. The stock has a market capitalization of $397.60, a PE ratio of 119.25 and a beta of 0.51.
Panhandle Royalty (NYSE:PHX) last released its quarterly earnings data on Monday, August 7th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter. Panhandle Royalty had a return on equity of 2.82% and a net margin of 7.41%. The firm had revenue of $12.44 million during the quarter.
Panhandle Royalty 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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