Panhandle Oil & Gas Inc (PHX) Files Form 4 Insider Selling : Michael C Coffman Sells 22,000 Shares

Panhandle Oil & Gas Inc (PHX): Michael C Coffman , Chief Executive Officer of Panhandle Oil & Gas Inc sold 22,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $16.18 per share for a total value of $355,740.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 14, 2016, Paul Jr Blanchard (COO) purchased 23,316 shares at $16.01 per share price.On Sep 14, 2016, Michael C Coffman (Chief Executive Officer) sold 22,000 shares at $16.18 per share price.Also, On Jun 27, 2016, Robert Robotti (director) sold 10,000 shares at $16.11 per share price.On Jun 13, 2016, Robb Winfield (Chief Accounting Officer) sold 460 shares at $16.66 per share price.

Shares of Panhandle Oil and Gas (PHX) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.41 points or -2.45% at $16.33 with 31,519 shares getting traded. Post opening the session at $16.73, the shares hit an intraday low of $16.12 and an intraday high of $16.77 and the price vacillated in this range throughout the day. The company has a market cap of $271 M and the number of outstanding shares has been calculated to be 16,585,626 shares. The 52-week high of Panhandle Oil and Gas is $20.2 and the 52-week low is $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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