TXO Partners, L.P. (NYSE:TXO) Short Interest Up 30.7% in February

TXO Partners, L.P. (NYSE:TXO) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 49,000 shares, a growth of 30.7% from the January 31st total of 37,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 133,000 shares, the days-to-cover ratio is presently 0.4 days.

Insiders Place Their Bets

In related news, Director Keith A. Hutton bought 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the transaction, the director now owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Adams III bought 14,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $16.93 per share, with a total value of $237,020.00. Following the transaction, the director now directly owns 92,784 shares in the company, valued at $1,570,833.12. The trade was a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 75,500 shares of company stock worth $1,223,690 in the last ninety days.

Institutional Investors Weigh In On TXO Partners

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

TXO Partners Trading Up 0.3 %

Shares of NYSE TXO traded up $0.06 during midday 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 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 one year low of $15.22 and a one year high of $23.56. The stock has a market cap of $782.46 million, a PE ratio of -3.22 and a beta of 0.19. The firm’s fifty day moving average price is $19.14 and its 200-day moving average price is $17.91.

TXO Partners (NYSE:TXO) last announced 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 business had revenue of $83.68 million during the quarter, compared to analysts’ expectations of $83.68 million. On average, equities research analysts anticipate 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 $0.61 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.44 dividend on an annualized basis and a yield of 12.76%. TXO Partners’s dividend payout ratio is -39.06%.

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.