TXO Partners, L.P. (NYSE:TXO) Sees Significant Drop in Short Interest

TXO Partners, L.P. (NYSE:TXO) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 193,800 shares, a decline of 23.6% from the February 28th total of 253,600 shares. Based on an average daily trading volume, of 126,300 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the shares of the stock are short sold.

Insider Transactions at TXO Partners

In other TXO Partners news, CFO Brent W. Clum sold 7,702 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the sale, the chief financial officer now directly owns 470,337 shares of the company’s stock, valued at $8,743,564.83. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott T. Agosta sold 5,775 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the completion of the sale, the chief accounting officer now directly owns 159,498 shares of the company’s stock, valued at $2,965,067.82. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently modified their holdings of TXO. Wilmington Savings Fund Society FSB bought a new position in TXO Partners in the 4th quarter valued at $72,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of TXO Partners by 109.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock worth $150,000 after purchasing an additional 4,664 shares during the last quarter. M&T Bank Corp bought a new position in shares of TXO Partners in the fourth quarter worth about $253,000. XTX Topco Ltd purchased a new position in TXO Partners in the 4th quarter worth about $270,000. Finally, Virtu Financial LLC bought a new stake in TXO Partners during the 4th quarter valued at about $339,000. 27.44% of the stock is owned by institutional investors.

TXO Partners Stock Down 1.0 %

NYSE TXO opened at $19.11 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners has a 52 week low of $15.22 and a 52 week high of $23.56. The firm has a market capitalization of $786.72 million, a price-to-earnings ratio of -3.22 and a beta of 0.13. The company has a fifty day moving average of $19.27 and a two-hundred day moving average of $18.05.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The firm had revenue of $83.68 million for the quarter, compared to analysts’ expectations of $83.68 million. On average, analysts predict that TXO Partners will post 1.02 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were paid a dividend of $0.61 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.77%. TXO Partners’s dividend payout ratio is currently 353.62%.

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.