TXO Partners, L.P. (NYSE:TXO - Get Free Report) Director William H. Adams III bought 14,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the purchase, the director now owns 92,784 shares in the company, valued at $1,570,833.12. This represents a 17.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TXO Partners Trading Up 0.7 %
NYSE TXO traded up $0.11 during trading on Thursday, hitting $16.95. The stock had a trading volume of 56,900 shares, compared to its average volume of 77,114. The company has a market capitalization of $693.48 million, a PE ratio of -2.85 and a beta of 0.08. TXO Partners, L.P. has a twelve month low of $15.22 and a twelve month high of $23.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $16.79 and a 200 day moving average price of $18.13.
TXO Partners Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were paid a dividend of $0.58 per share. This is an increase from TXO Partners's previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a yield of 13.69%. The ex-dividend date was Friday, November 15th. TXO Partners's dividend payout ratio is presently -39.06%.
Hedge Funds Weigh In On TXO Partners
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of TXO Partners in the third quarter valued at $84,000. Glenmede Trust Co. NA grew its stake in TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock worth $943,000 after purchasing an additional 5,831 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company's stock worth $5,757,000 after purchasing an additional 19,241 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of TXO Partners in the 3rd quarter valued at about $559,000. Finally, PFG Investments LLC purchased a new position in shares of TXO Partners in the 3rd quarter valued at about $639,000. Hedge funds and other institutional investors own 27.44% of the company's stock.
TXO Partners Company Profile
(
Get Free Report)
TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.
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