Panhandle Royalty Company (NYSE:PHX) announced a quarterly dividend on Friday, May 19th, Fidelity reports. Shareholders of record on Wednesday, May 31st will be paid a dividend of 0.04 per share by the oil and gas producer on Tuesday, June 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, May 26th.
Panhandle Royalty Company has raised its dividend payment by an average of 3.3% per year over the last three years.
Shares of Panhandle Royalty Company (NYSE PHX) traded down 3.03% during midday trading on Tuesday, reaching $22.40. 21,739 shares of the company’s stock were exchanged. The company has a market capitalization of $373.36 million, a PE ratio of 320.00 and a beta of 0.69. Panhandle Royalty Company has a 1-year low of $15.45 and a 1-year high of $27.70. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $20.90.
Panhandle Royalty Company (NYSE:PHX) last issued its quarterly earnings results on Friday, May 5th. The oil and gas producer reported $0.21 EPS for the quarter. The firm had revenue of $13.96 million for the quarter. Panhandle Royalty Company had a return on equity of 1.04% and a net margin of 2.88%. Equities analysts expect that Panhandle Royalty Company will post $1.70 earnings per share for the current fiscal year.
Separately, TheStreet raised Panhandle Royalty Company from a “d+” rating to a “c” rating in a research report on Friday, May 5th.
In other Panhandle Royalty Company news, CEO Paul Blanchard, Jr. acquired 14,500 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were acquired at an average cost of $19.50 per share, with a total value of $282,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders purchased a total of 20,480 shares of company stock worth $388,895 over the last ninety days. 7.70% of the stock is currently owned by insiders.
About Panhandle Royalty Company
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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