TXO Partners, L.P. (NYSE:TXO) Short Interest Down 35.3% in October

TXO Partners, L.P. (NYSE:TXO - Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 15,400 shares, a decrease of 35.3% from the September 30th total of 23,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is presently 0.2 days.

TXO Partners Price Performance

TXO traded down $0.13 on Tuesday, reaching $19.17. 30,600 shares of the company's stock were exchanged, compared to its average volume of 67,160. TXO Partners has a twelve month low of $17.20 and a twelve month high of $23.56. The stock has a market cap of $593.08 million, a PE ratio of -3.28 and a beta of 0.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 3.26. The stock's fifty day moving average price is $19.25 and its 200-day moving average price is $19.44.

TXO Partners (NYSE:TXO - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.10). TXO Partners had a positive return on equity of 9.33% and a negative net margin of 60.08%. The company had revenue of $57.31 million for the quarter, compared to analyst estimates of $63.77 million. Sell-side analysts expect that TXO Partners will post 0.91 EPS for the current year.

TXO Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date was Tuesday, August 20th. TXO Partners's dividend payout ratio (DPR) is presently -38.97%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TXO. American Century Companies Inc. lifted its holdings in TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock valued at $20,682,000 after acquiring an additional 942,295 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of TXO Partners in the 2nd quarter valued at $4,032,000. Energy Income Partners LLC grew its holdings in shares of TXO Partners by 37.7% during the 1st quarter. Energy Income Partners LLC now owns 493,438 shares of the company's stock worth $8,857,000 after purchasing an additional 135,029 shares during the period. Sei Investments Co. acquired a new stake in shares of TXO Partners during the 2nd quarter worth about $2,126,000. Finally, Raymond James & Associates raised its holdings in TXO Partners by 43.4% in the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company's stock valued at $4,727,000 after buying an additional 70,918 shares during the period. Hedge funds and other institutional investors own 27.44% of the company's stock.

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.