William H. Adams III Buys 14,000 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO) Director William H. Adams III bought 14,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $16.93 per share, with a total value of $237,020.00. Following the completion of the acquisition, the director now owns 92,784 shares in the company, valued at approximately $1,570,833.12. This represents a 17.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Stock Down 0.1 %

TXO stock 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 firm’s fifty day moving average is $16.76 and its 200 day moving average is $18.11. The firm has a market cap of $692.66 million, a PE ratio of -2.85 and a beta of 0.08.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.70%. TXO Partners’s dividend payout ratio (DPR) is -39.06%.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. increased its position in shares of TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock valued at $20,682,000 after buying an additional 942,295 shares in the last quarter. Clear Street Derivatives LLC purchased a new stake in TXO Partners in the 3rd quarter worth $8,059,000. Westwood Holdings Group Inc. acquired a new position in TXO Partners during the second quarter worth $4,032,000. Sei Investments Co. acquired a new position in TXO Partners during the second quarter worth $2,126,000. Finally, Hsbc Holdings PLC lifted its holdings in TXO Partners by 89.6% during the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock valued at $3,020,000 after purchasing an additional 70,871 shares in the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.