Insider Buying: TXO Partners, L.P. (NYSE:TXO) Director Purchases 14,000 Shares of Stock

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

TXO Partners Trading Up 0.7 %

Shares of TXO Partners stock traded up $0.11 during trading on Thursday, reaching $16.95. The company’s stock had a trading volume of 56,900 shares, compared to its average volume of 77,114. 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, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The firm’s 50-day moving average is $16.79 and its two-hundred day moving average is $18.13. The company has a market cap of $693.48 million, a price-to-earnings ratio of -2.85 and a beta of 0.08.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.58 per share. 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 13.69%. The ex-dividend date was Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is -39.06%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TXO. American Century Companies Inc. grew its position in TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after acquiring an additional 942,295 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of 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 during the period. Sei Investments Co. bought a new position in shares of TXO Partners in the second quarter worth approximately $2,126,000. Westwood Holdings Group Inc. bought a new position in shares of TXO Partners in the second quarter worth approximately $4,032,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of TXO Partners in the third quarter worth $84,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.