TXO Partners, L.P. (NYSE:TXO) Director Acquires $237,020.00 in Stock

TXO Partners, L.P. (NYSE:TXO) Director William H. Adams III purchased 14,000 shares of TXO Partners stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $16.93 per share, with a total value of $237,020.00. Following the completion of the transaction, the director now owns 92,784 shares of the company’s stock, valued at $1,570,833.12. The trade was a 17.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TXO Partners Stock Down 0.1 %

TXO opened at $16.93 on Friday. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $692.66 million, a P/E ratio of -2.85 and a beta of 0.08. The business’s 50-day simple moving average is $16.76 and its 200-day simple moving average is $18.11.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a dividend of $0.58 per share. 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. This represents a $2.32 annualized dividend and a yield of 13.70%. TXO Partners’s payout ratio is -39.06%.

Institutional Investors Weigh In On TXO Partners

Several large 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. purchased a new position in shares of TXO Partners during the third quarter worth about $559,000. PFG Investments LLC acquired a new position in TXO Partners in the 3rd quarter valued at about $639,000. Glenmede Trust Co. NA increased its position in TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after acquiring an additional 5,831 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of TXO Partners in the 2nd quarter valued at approximately $2,126,000. 27.44% of the stock is owned by institutional investors and hedge funds.

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.