Short Interest in TXO Partners, L.P. (NYSE:TXO) Decreases By 36.5%

TXO Partners, L.P. (NYSE:TXO - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 31,600 shares, a drop of 36.5% from the November 15th total of 49,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 75,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of TXO Partners

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of TXO Partners by 43.4% in the second 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 in the last quarter. Silverleafe Capital Partners LLC acquired a new position in shares of TXO Partners during the second quarter worth $685,000. American Century Companies Inc. raised its position in shares of TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock worth $20,682,000 after acquiring an additional 942,295 shares in the last quarter. Hsbc Holdings PLC lifted its stake in TXO Partners by 89.6% during the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company's stock worth $3,020,000 after purchasing an additional 70,871 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in TXO Partners in the second quarter valued at approximately $2,126,000. Institutional investors and hedge funds own 27.44% of the company's stock.

TXO Partners Price Performance

Shares of TXO stock traded down $0.18 during mid-day trading on Friday, hitting $16.54. The company had a trading volume of 147,700 shares, compared to its average volume of 112,147. The company has a 50 day simple moving average of $17.74. TXO Partners has a 52-week low of $16.11 and a 52-week high of $23.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $676.65 million, a P/E ratio of -2.78 and a beta of 0.08.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a $0.58 dividend. This is a positive change from TXO Partners's previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a dividend yield of 14.03%. The ex-dividend date was Friday, November 15th. TXO Partners's dividend payout ratio is currently -39.06%.

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.

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