TXO Partners, L.P. (NYSE:TXO) CEO Gary D. Simpson Sells 31,517 Shares of Stock

TXO Partners, L.P. (NYSE:TXO) CEO Gary D. Simpson sold 31,517 shares of TXO Partners stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total transaction of $601,344.36. Following the completion of the transaction, the chief executive officer now owns 408,053 shares in the company, valued at approximately $7,785,651.24. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

TXO Partners Stock Performance

TXO opened at $19.18 on Wednesday. The business has a fifty day simple moving average of $19.28 and a 200-day simple moving average of $18.06. The firm has a market cap of $789.44 million, a PE ratio of -3.23 and a beta of 0.13. 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, L.P. has a fifty-two week low of $15.22 and a fifty-two week high of $23.56.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The company had revenue of $83.68 million during the quarter, compared to analysts’ expectations of $83.68 million. As a group, equities analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.72%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s payout ratio is currently 353.62%.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXO. CIBC Private Wealth Group LLC lifted its holdings in shares of TXO Partners by 41.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,059,828 shares of the company’s stock valued at $17,795,000 after purchasing an additional 313,049 shares in the last quarter. Clear Street Derivatives LLC acquired a new position in TXO Partners during the third quarter valued at $8,059,000. Pin Oak Investment Advisors Inc. lifted its stake in TXO Partners by 0.3% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 291,882 shares of the company’s stock worth $4,915,000 after acquiring an additional 821 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in TXO Partners during the 4th quarter worth about $4,609,000. Finally, Sei Investments Co. grew its stake in TXO Partners by 4.2% during the 4th quarter. Sei Investments Co. now owns 123,094 shares of the company’s stock valued at $2,073,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.