15,000 Shares in TXO Partners, L.P. (NYSE:TXO) Purchased by M&T Bank Corp

M&T Bank Corp purchased a new position in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company's stock, valued at approximately $253,000.

A number of other large investors have also added to or reduced their stakes in TXO. Wilmington Savings Fund Society FSB acquired a new position in TXO Partners during the fourth quarter valued at approximately $72,000. Childress Capital Advisors LLC bought a new stake in shares of TXO Partners in the 4th quarter valued at about $423,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in TXO Partners by 28.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company's stock worth $842,000 after purchasing an additional 11,000 shares during the last quarter. Merit Financial Group LLC acquired a new stake in TXO Partners during the 4th quarter worth about $505,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in TXO Partners by 109.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company's stock worth $150,000 after purchasing an additional 4,664 shares in the last quarter. Institutional investors own 27.44% of the company's stock.

TXO Partners Stock Up 1.0 %

Shares of NYSE:TXO traded up $0.19 during trading on Wednesday, reaching $19.49. 26,283 shares of the stock were exchanged, compared to its average volume of 95,182. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. TXO Partners, L.P. has a 1-year low of $15.22 and a 1-year high of $23.56. The firm has a market cap of $802.36 million, a price-to-earnings ratio of -3.28 and a beta of 0.13. The stock has a fifty day moving average of $19.20 and a two-hundred day moving average of $17.96.

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TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.26 earnings per share (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 during the quarter, compared to the consensus estimate of $83.68 million. Research analysts anticipate that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 12.52%. This is an increase from TXO Partners's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 14th. TXO Partners's dividend payout ratio (DPR) is presently 353.62%.

Insider Buying and Selling

In other TXO Partners news, CAO Scott T. Agosta sold 5,775 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $107,357.25. Following the completion of the transaction, the chief accounting officer now owns 159,498 shares of the company's stock, valued at approximately $2,965,067.82. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Adams III bought 14,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 92,784 shares of the company's stock, valued at approximately $1,570,833.12. The trade was a 17.77 % increase in their position. The disclosure for this purchase can be found here.

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.