TXO Partners, L.P. (NYSE:TXO) Director William H. Adams III Acquires 14,000 Shares

TXO Partners, L.P. (NYSE:TXO) Director William H. Adams III purchased 14,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were bought 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 owns 92,784 shares of the company’s stock, valued at approximately $1,570,833.12. This trade represents a 17.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

TXO Partners Price Performance

Shares of TXO traded up $0.11 during mid-day trading on Thursday, reaching $16.95. 56,900 shares of the stock traded hands, compared to its average volume of 77,114. 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, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56. The company has a market cap of $693.48 million, a price-to-earnings ratio of -2.85 and a beta of 0.08. The firm has a fifty day moving average price of $16.79 and a 200 day moving average price of $18.13.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a $0.58 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 13.69%. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio (DPR) is presently -39.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its position in TXO Partners by 1,127.0% during the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock valued at $20,682,000 after purchasing an additional 942,295 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TXO Partners by 89.6% during the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after acquiring an additional 70,871 shares during the last quarter. Sei Investments Co. purchased a new position in TXO Partners in the second quarter worth $2,126,000. Westwood Holdings Group Inc. bought a new position in TXO Partners in the second quarter valued at $4,032,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TXO Partners during the third quarter valued at about $84,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.