TXO Partners, L.P. (NYSE:TXO - Get Free Report) CEO Gary D. Simpson sold 31,517 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total transaction of $601,344.36. Following the completion of the transaction, the chief executive officer now directly owns 408,053 shares in the company, valued at $7,785,651.24. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
TXO Partners Stock Performance
Shares of TXO stock opened at $19.18 on Wednesday. TXO Partners, L.P. has a fifty-two week low of $15.22 and a fifty-two week high of $23.56. The stock's 50-day moving average is $19.28 and its two-hundred day moving average is $18.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $789.44 million, a P/E ratio of -3.23 and a beta of 0.13.
TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.13). The firm had revenue of $83.68 million during the quarter, compared to analyst estimates of $83.68 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. Analysts predict that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.
TXO Partners Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 12.72%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from TXO Partners's previous quarterly dividend of $0.58. TXO Partners's payout ratio is presently 353.62%.
Hedge Funds Weigh In On TXO Partners
Several hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its position in shares of TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock worth $943,000 after buying an additional 5,831 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in TXO Partners in the 3rd quarter worth approximately $8,059,000. CWA Asset Management Group LLC bought a new stake in TXO Partners during the fourth quarter worth approximately $654,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in TXO Partners by 109.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company's stock valued at $150,000 after purchasing an additional 4,664 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in TXO Partners during the fourth quarter valued at approximately $505,000. 27.44% of the stock is owned by institutional investors and hedge funds.
TXO Partners Company Profile
(
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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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