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

TXO Partners, L.P. (NYSE:TXO) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 49,000 shares, an increase of 30.7% from the January 31st total of 37,500 shares. Based on an average trading volume of 133,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

TXO Partners Trading Up 0.3 %

Shares of NYSE TXO traded up $0.06 during mid-day trading on Thursday, reaching $19.13. The company had a trading volume of 15,352 shares, compared to its average volume of 130,544. The stock has a market cap of $782.46 million, a price-to-earnings ratio of -3.22 and a beta of 0.19. TXO Partners has a 52 week low of $15.22 and a 52 week high of $23.56. The business’s 50-day moving average is $19.14 and its 200-day moving average is $17.91. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

TXO Partners (NYSE:TXO) last issued its 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). The company had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. Equities analysts expect that TXO Partners will post 1.02 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.61 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 12.76%. The ex-dividend date of this dividend is Friday, March 14th. TXO Partners’s dividend payout ratio (DPR) is presently -39.06%.

Insider Buying and Selling

In other news, CAO Scott T. Agosta sold 5,775 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total value of $107,357.25. Following the sale, the chief accounting officer now directly owns 159,498 shares in the company, valued at approximately $2,965,067.82. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Hutton purchased 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of $16.04 per share, with a total value of $962,400.00. Following the completion of the purchase, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. The trade was a 1.49 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 75,500 shares of company stock worth $1,223,690.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. CWA Asset Management Group LLC purchased a new position in shares of TXO Partners during the fourth quarter valued at $654,000. Merit Financial Group LLC purchased a new position in TXO Partners during the 4th quarter valued at about $505,000. Glenmede Trust Co. NA increased its position in TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares during the period. Childress Capital Advisors LLC bought a new stake in shares of TXO Partners in the 4th quarter valued at about $423,000. Finally, Clear Street Derivatives LLC purchased a new stake in shares of TXO Partners in the 3rd quarter worth approximately $8,059,000. 27.44% of the stock is owned by institutional investors.

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.