TXO Partners, L.P. (NYSE:TXO) Short Interest Down 69.9% in December

TXO Partners, L.P. (NYSE:TXO - Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 9,500 shares, a drop of 69.9% from the November 30th total of 31,600 shares. Based on an average daily volume of 94,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Insider Buying and Selling at TXO Partners

In related news, Director Keith A. Hutton bought 60,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $16.04 per share, with a total value of $962,400.00. Following the completion of the purchase, the director now owns 4,100,215 shares of the company's stock, valued at $65,767,448.60. This trade represents a 1.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On TXO Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its position in TXO Partners by 43.4% during the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company's stock valued at $4,727,000 after purchasing an additional 70,918 shares during the period. American Century Companies Inc. increased its holdings in TXO Partners by 1,127.0% during the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock valued at $20,682,000 after buying an additional 942,295 shares during the period. Hsbc Holdings PLC raised its stake in TXO Partners by 89.6% in the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company's stock worth $3,020,000 after buying an additional 70,871 shares in the last quarter. Sei Investments Co. purchased a new stake in TXO Partners during the second quarter worth $2,126,000. Finally, Westwood Holdings Group Inc. bought a new stake in TXO Partners during the 2nd quarter valued at $4,032,000. 27.44% of the stock is owned by institutional investors.

TXO Partners Trading Down 3.4 %

TXO Partners stock traded down $0.58 during trading hours on Thursday, hitting $16.67. The company had a trading volume of 109,400 shares, compared to its average volume of 75,854. 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 has a market cap of $682.02 million, a P/E ratio of -2.81 and a beta of 0.08. The company has a 50-day moving average price of $16.99 and a two-hundred day moving average price of $18.25. TXO Partners has a 1 year low of $15.22 and a 1 year high of $23.56.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were paid a $0.58 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.32 annualized dividend and a yield of 13.92%. This is a boost from TXO Partners's previous quarterly dividend of $0.57. TXO Partners's dividend payout ratio is -39.06%.

TXO Partners Company 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.