Phillip R. Kevil Purchases 1,500 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $16.18 per share, for a total transaction of $24,270.00. Following the completion of the acquisition, the director now directly owns 19,984 shares of the company’s stock, valued at $323,341.12. This trade represents a 8.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Stock Performance

Shares of NYSE TXO traded up $0.29 during mid-day trading on Wednesday, reaching $16.07. 249,200 shares of the company’s stock were exchanged, compared to its average volume of 75,556. The firm has a 50-day moving average price of $17.36 and a two-hundred day moving average price of $18.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $657.47 million, a price-to-earnings ratio of -2.71 and a beta of 0.08. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a $0.58 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. This represents a $2.32 annualized dividend and a yield of 14.44%. TXO Partners’s payout ratio is currently -39.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TXO Partners during the third quarter valued at about $84,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners in the 3rd quarter valued at approximately $559,000. PFG Investments LLC purchased a new stake in shares of TXO Partners during the third quarter worth $639,000. Silverleafe Capital Partners LLC purchased a new stake in shares of TXO Partners during the second quarter worth $685,000. Finally, Glenmede Trust Co. NA raised 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 valued at $943,000 after purchasing an additional 5,831 shares during the period. 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.