TXO Partners, L.P. (NYSE:TXO) Director Buys 1,500 Shares

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil purchased 1,500 shares of TXO Partners stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $16.18 per share, for a total transaction of $24,270.00. Following the transaction, the director now directly owns 19,984 shares in the company, valued at $323,341.12. This represents a 8.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TXO Partners Stock Up 1.8 %

Shares of TXO stock traded up $0.29 during trading hours on Wednesday, reaching $16.07. 249,200 shares of the stock were exchanged, compared to its average volume of 75,556. TXO Partners, L.P. has a 12-month low of $15.22 and a 12-month high of $23.56. The business’s fifty day moving average is $17.36 and its two-hundred day moving average is $18.38. 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 capitalization of $657.47 million, a P/E ratio of -2.71 and a beta of 0.08.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 14.44%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is presently -39.06%.

Institutional Investors Weigh In On TXO Partners

Several institutional investors have recently modified their holdings of TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners in the 3rd quarter valued at $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in TXO Partners in the third quarter valued at $559,000. PFG Investments LLC acquired a new position in TXO Partners in the third quarter valued at $639,000. Silverleafe Capital Partners LLC purchased a new position in shares of TXO Partners during the second quarter worth about $685,000. Finally, Glenmede Trust Co. NA increased its position in shares of TXO Partners by 13.9% during the third 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. 27.44% of the stock is owned by hedge funds and other institutional investors.

About TXO Partners

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.