Panhandle Royalty Company (NYSE:PHX) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Panhandle Royalty Company (NYSE:PHX) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,036 shares of the oil and gas producer’s stock after selling 14,543 shares during the quarter. Bank of New York Mellon Corp owned 0.92% of Panhandle Royalty worth $3,536,000 as of its most recent filing with the Securities & Exchange Commission.

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Panhandle Royalty Company (NYSE PHX) opened at 24.10 on Wednesday. The firm’s 50-day moving average price is $23.50 and its 200 day moving average price is $21.48. The company has a market capitalization of $401.77 million, a price-to-earnings ratio of 126.18 and a beta of 0.59. Panhandle Royalty Company has a one year low of $17.10 and a one year high of $27.70.

Panhandle Royalty (NYSE:PHX) last issued 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 net margin of 7.41% and a return on equity of 2.82%. The firm had revenue of $12.44 million during the quarter. On average, equities research analysts expect that Panhandle Royalty Company will post $1.70 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Panhandle Royalty from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

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 st

TRADEMARK VIOLATION WARNING: This story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/panhandle-royalty-company-phx-stake-lessened-by-bank-of-new-york-mellon-corp.html.

Panhandle Royalty Company (NYSE PHX) opened at 24.10 on Wednesday. The firm’s 50-day moving average price is $23.50 and its 200 day moving average price is $21.48. The company has a market capitalization of $401.77 million, a price-to-earnings ratio of 126.18 and a beta of 0.59. Panhandle Royalty Company has a one year low of $17.10 and a one year high of $27.70.

Panhandle Royalty (NYSE:PHX) last issued 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 net margin of 7.41% and a return on equity of 2.82%. The firm had revenue of $12.44 million during the quarter. On average, equities research analysts expect that Panhandle Royalty Company will post $1.70 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Panhandle Royalty from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

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.

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

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