Panhandle Oil & Gas Inc (PHX): Michael C Coffman , Chief Executive Officer of Panhandle Oil & Gas Inc sold 24,100 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $16.25 per share for a total value of $385,650.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Robb Winfield (Chief Accounting Officer) sold 460 shares at $16.66 per share price.On Jan 5, 2016, Lee M Canaan (director) purchased 3 shares at $18.43 per share price.Also, On Sep 4, 2015, Darryl G Smette (director) purchased 11 shares at $16.42 per share price.On Aug 21, 2015, H Grant Swartzwelder (director) purchased 1,000 shares at $16.52 per share price.
Panhandle Oil and Gas: On Tuesday, Jun 21, 2016 heightened volatility was witnessed in Panhandle Oil and Gas which led to swings in the share price. The shares opened for trading at $16.28 and hit $16.51 on the upside , eventually ending the session at $16.38, with a gain of 0.37% or 0.06 points. The heightened volatility saw the trading volume jump to 20,166 shares. The 52-week high of the share price is $21.3137 and the company has a market cap of $272 M . The 52-week low of the share price is at $10.82.
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 Companys 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 Companys oil natural gas liquids (NGL) and natural gas production is from wells located in Oklahoma and Arkansas. The Companys 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 Companys producing wells are located.