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

TXO Partners, L.P. (NYSE:TXO) Director William H. Adams III acquired 14,000 shares of TXO Partners stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $16.93 per share, for a total transaction of $237,020.00. Following the transaction, the director now owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This represents a 17.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Trading Up 0.7 %

Shares of TXO traded up $0.11 during midday trading on Thursday, reaching $16.95. The company had a trading volume of 56,900 shares, compared to its average volume of 77,114. The firm has a 50 day simple moving average of $16.79 and a 200-day simple moving average of $18.13. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The stock has a market cap of $693.48 million, a PE ratio of -2.85 and a beta of 0.08. TXO Partners, L.P. has a 1-year low of $15.22 and a 1-year high of $23.56.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, November 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 13.69%. TXO Partners’s payout ratio is -39.06%.

Hedge Funds Weigh In On TXO Partners

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners in the 3rd quarter valued at $84,000. Glenmede Trust Co. NA boosted its stake in 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 buying an additional 5,831 shares during the period. Pin Oak Investment Advisors Inc. increased its position in shares of TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after acquiring an additional 19,241 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of TXO Partners in the 3rd quarter valued at approximately $559,000. Finally, PFG Investments LLC acquired a new position in shares of TXO Partners in the 3rd quarter worth approximately $639,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

TXO Partners Company Profile

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.