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

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil bought 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of $16.18 per share, with a total value of $24,270.00. Following the completion of the purchase, the director now owns 19,984 shares in the company, valued at approximately $323,341.12. The trade was a 8.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TXO Partners Trading Down 1.1 %

NYSE:TXO opened at $15.89 on Friday. 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 $650.11 million, a price-to-earnings ratio of -2.68 and a beta of 0.08. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56. The business has a fifty day moving average price of $17.24 and a 200-day moving average price of $18.34.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 14.60%. The ex-dividend date was Friday, November 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio is presently -39.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TXO. Raymond James & Associates boosted its holdings in shares of TXO Partners by 43.4% during the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after purchasing an additional 70,918 shares during the last quarter. Silverleafe Capital Partners LLC bought a new position in shares of TXO Partners in the 2nd quarter valued at about $685,000. American Century Companies Inc. lifted its holdings in shares of TXO Partners by 1,127.0% in the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock valued at $20,682,000 after acquiring an additional 942,295 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock valued at $3,020,000 after acquiring an additional 70,871 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of TXO Partners in the 2nd quarter valued at about $2,126,000. 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.