Panhandle Oil & Gas Inc (PHX) Files Form 4 Insider Selling : Robert Robotti Sells 10,000 Shares

Panhandle Oil & Gas Inc (PHX): Robert Robotti , director of Panhandle Oil & Gas Inc sold 10,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $16.09 per share for a total value of $160,917.84 , 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 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.Also, On Jan 5, 2016, Lee M Canaan (director) purchased 3 shares at $18.43 per share price.On Sep 4, 2015, Darryl G Smette (director) purchased 11 shares at $16.42 per share price.

Panhandle Oil and Gas: On Friday, Jun 24, 2016 heightened volatility was witnessed in Panhandle Oil and Gas which led to swings in the share price. The shares opened for trading at $15.84 and hit $16.34 on the upside , eventually ending the session at $16.27, with a gain of 0.25% or 0.04 points. The heightened volatility saw the trading volume jump to 1,57,460 shares. The 52-week high of the share price is $21.3137 and the company has a market cap of $270 M . The 52-week low of the share price is at $10.82.

Panhandle Oil and Gas Money Flow Index Chart

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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