Kim LLC decreased its holdings in TXO Partners, L.P. (NYSE:TXO - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 500,000 shares of the company's stock after selling 79,734 shares during the quarter. TXO Partners accounts for approximately 1.1% of Kim LLC's holdings, making the stock its 11th largest position. Kim LLC owned approximately 1.22% of TXO Partners worth $8,420,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TXO. Glenmede Trust Co. NA raised its holdings in TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock worth $943,000 after purchasing an additional 5,831 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its stake in shares of TXO Partners by 7.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company's stock worth $5,757,000 after buying an additional 19,241 shares in the last quarter. Clear Street Derivatives LLC acquired a new stake in shares of TXO Partners in the third quarter valued at $8,059,000. CWA Asset Management Group LLC bought a new position in TXO Partners during the fourth quarter valued at about $654,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in TXO Partners by 109.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company's stock worth $150,000 after acquiring an additional 4,664 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.
TXO Partners Price Performance
NYSE TXO traded down $0.16 on Wednesday, reaching $19.55. The company's stock had a trading volume of 41,400 shares, compared to its average volume of 96,189. TXO Partners, L.P. has a twelve month low of $15.22 and a twelve month 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 firm's 50 day moving average is $19.25 and its two-hundred day moving average is $18.02. The stock has a market cap of $804.83 million, a PE ratio of -3.29 and a beta of 0.13.
TXO Partners (NYSE:TXO - Get Free Report) last issued its 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). The business had revenue of $83.68 million for the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. As a group, sell-side analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current year.
TXO Partners Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from TXO Partners's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.48%. TXO Partners's payout ratio is 353.62%.
Insider Activity at TXO Partners
In other TXO Partners news, CAO Scott T. Agosta sold 5,775 shares of the business'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 $107,357.25. Following the sale, the chief accounting officer now directly owns 159,498 shares of the company's stock, valued at $2,965,067.82. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Adams III purchased 14,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $16.93 per share, with a total value of $237,020.00. Following the completion of the acquisition, the director now owns 92,784 shares of the company's stock, valued at $1,570,833.12. This trade represents 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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