TXO Partners, L.P. (NYSE:TXO) CEO Bob R. Simpson Purchases 100,000 Shares

TXO Partners, L.P. (NYSE:TXO) CEO Bob R. Simpson acquired 100,000 shares of the stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $20.00 per share, with a total value of $2,000,000.00. Following the completion of the purchase, the chief executive officer now owns 4,500,000 shares of the company’s stock, valued at approximately $90,000,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TXO Partners Trading Up 0.8 %

Shares of NYSE:TXO traded up $0.16 during midday trading on Friday, hitting $20.16. 146,100 shares of the stock traded hands, compared to its average volume of 56,460. The stock has a market capitalization of $623.75 million, a PE ratio of -3.45 and a beta of 0.10. The business’s 50 day moving average is $20.90 and its two-hundred day moving average is $19.71. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. TXO Partners, L.P. has a one year low of $17.20 and a one year high of $23.56.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. TXO Partners had a negative net margin of 61.27% and a positive return on equity of 7.94%. The firm had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.24 million. As a group, research analysts forecast that TXO Partners, L.P. will post 1.28 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were paid a $0.65 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.60 dividend on an annualized basis and a yield of 12.90%. The ex-dividend date of this dividend was Friday, May 17th. TXO Partners’s dividend payout ratio is presently -44.44%.

Hedge Funds Weigh In On TXO Partners

Institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in TXO Partners in the fourth quarter worth about $183,000. King Luther Capital Management Corp grew its holdings in TXO Partners by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock worth $47,114,000 after purchasing an additional 15,000 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in TXO Partners by 35.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 71,443 shares of the company’s stock worth $1,282,000 after purchasing an additional 18,755 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in TXO Partners in the fourth quarter worth about $690,000. Finally, Energy Income Partners LLC grew its holdings in TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock worth $8,857,000 after purchasing an additional 135,029 shares during the period. 27.44% of the stock is owned by institutional investors.

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.