TXO Partners, L.P. (NYSE:TXO) Shares Sold by Kim LLC

Kim LLC lessened its holdings in TXO Partners, L.P. (NYSE:TXO) by 13.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 500,000 shares of the company’s stock after selling 79,734 shares during the period. TXO Partners makes up 1.1% of Kim LLC’s holdings, making the stock its 11th biggest holding. Kim LLC’s holdings in TXO Partners were worth $8,420,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TXO. Clear Street Derivatives LLC acquired a new stake in TXO Partners in the third quarter worth about $8,059,000. Raymond James Financial Inc. acquired a new stake in shares of TXO Partners during the fourth quarter worth about $4,609,000. CWA Asset Management Group LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth about $654,000. Merit Financial Group LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth about $505,000. Finally, Childress Capital Advisors LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth about $423,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

TXO Partners Trading Down 1.0 %

TXO Partners stock opened at $19.69 on Friday. 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 52 week low of $15.22 and a 52 week high of $23.56. The company has a market capitalization of $810.60 million, a price-to-earnings ratio of -3.31 and a beta of 0.13. The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $18.00.

TXO Partners (NYSE:TXO) last released its earnings results on Tuesday, March 4th. The company reported $0.26 EPS 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 firm had revenue of $83.68 million for the quarter, compared to analyst estimates of $83.68 million. Sell-side analysts anticipate that TXO Partners, L.P. will post 1.02 EPS for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were given a dividend of $0.61 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 12.39%. The ex-dividend date was Friday, March 14th. TXO Partners’s dividend payout ratio (DPR) is currently 353.62%.

Insider Activity at TXO Partners

In related news, Director William H. Adams III purchased 14,000 shares of TXO Partners stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost 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 in the company, valued at $1,570,833.12. The trade was a 17.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott T. Agosta sold 5,775 shares of TXO Partners stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the transaction, the chief accounting officer now owns 159,498 shares of the company’s stock, valued at approximately $2,965,067.82. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.