TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton Acquires 60,000 Shares

TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton bought 60,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $16.04 per share, with a total value of $962,400.00. Following the transaction, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Stock Performance

Shares of TXO stock traded down $0.18 during trading hours on Thursday, reaching $15.89. The company had a trading volume of 135,800 shares, compared to its average volume of 75,802. The firm has a market cap of $650.11 million, a PE ratio of -2.68 and a beta of 0.08. The business has a fifty day moving average price of $17.24 and a 200-day moving average price of $18.34. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 14.60%. TXO Partners’s payout ratio is currently -39.06%.

Hedge Funds Weigh In On TXO Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. Clear Street Derivatives LLC purchased a new stake in shares of TXO Partners during the 3rd quarter valued at about $8,059,000. Pin Oak Investment Advisors Inc. increased its holdings in TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after buying an additional 19,241 shares during the last quarter. Glenmede Trust Co. NA raised its position in TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of TXO Partners during the 3rd quarter worth $559,000. Finally, PFG Investments LLC bought a new stake in shares of TXO Partners during the 3rd quarter valued at $639,000. 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.