Boston Partners bought a new stake in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,242 shares of the company's stock, valued at approximately $375,000. Boston Partners owned 0.05% of TXO Partners at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of TXO Partners during the fourth quarter valued at approximately $4,609,000. M&T Bank Corp acquired a new position in shares of TXO Partners in the 4th quarter valued at $253,000. Wilmington Savings Fund Society FSB acquired a new position in TXO Partners in the 4th quarter worth approximately $72,000. Childress Capital Advisors LLC purchased a new stake in shares of TXO Partners in the fourth quarter worth about $423,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of 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 period. 27.44% of the stock is owned by hedge funds and other institutional investors.
TXO Partners Price Performance
Shares of TXO stock traded down $0.04 on Thursday, reaching $19.36. 41,057 shares of the company were exchanged, compared to its average volume of 95,987. The business has a 50-day moving average price of $19.26 and a 200 day moving average price of $18.03. TXO Partners, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $797.01 million, a price-to-earnings ratio of -3.26 and a beta of 0.13.
TXO Partners (NYSE:TXO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $83.68 million during the quarter, compared to analyst estimates of $83.68 million. Equities research analysts forecast that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.
TXO Partners Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.60%. This is a boost from TXO Partners's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 14th. TXO Partners's payout ratio is presently 353.62%.
Insider Buying and Selling at TXO Partners
In related news, CFO Brent W. Clum sold 7,702 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the sale, the chief financial officer now directly owns 470,337 shares of the company's stock, valued at approximately $8,743,564.83. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Adams III purchased 14,000 shares of the company's stock in a transaction that occurred on 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 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.
About TXO Partners
(
Free Report)
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.
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