Deroy & Devereaux Private Investment Counsel Inc. Sells 7,000 Shares of TXO Partners, L.P. (NYSE:TXO)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in shares of TXO Partners, L.P. (NYSE:TXO) by 24.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,250 shares of the company’s stock after selling 7,000 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned 0.05% of TXO Partners worth $358,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TXO. Sei Investments Co. bought a new stake in TXO Partners during the 2nd quarter worth approximately $2,126,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of TXO Partners during the 3rd quarter worth approximately $84,000. PFG Investments LLC bought a new position in shares of TXO Partners during the 3rd quarter worth approximately $639,000. Glenmede Trust Co. NA grew its stake in shares of TXO Partners by 13.9% during the 3rd 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 in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after acquiring an additional 19,241 shares in the last quarter. 27.44% of the stock is owned by institutional investors.

TXO Partners Stock Down 2.8 %

Shares of TXO opened at $18.47 on Friday. TXO Partners, L.P. has a twelve month low of $15.22 and a twelve month high of $23.56. The company has a 50 day moving average of $18.03 and a 200-day moving average of $17.82. 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 (NYSE:TXO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. On average, sell-side analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 12.56%. The ex-dividend date of this dividend was Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is currently -39.06%.

Insider Activity

In related news, Director William H. Adams III acquired 14,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $16.93 per share, with a total value of $237,020.00. Following the acquisition, the director now owns 92,784 shares in the company, valued at $1,570,833.12. This represents a 17.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith A. Hutton acquired 60,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $16.04 per share, with a total value of $962,400.00. Following the acquisition, 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 disclosure for this purchase can be found here. In the last 90 days, insiders purchased 75,500 shares of company stock valued at $1,223,690.

TXO Partners 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.