TXO Partners, L.P. (NYSE:TXO) Short Interest Update

TXO Partners, L.P. (NYSE:TXO - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 49,000 shares, a growth of 30.7% from the January 31st total of 37,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 133,000 shares, the days-to-cover ratio is presently 0.4 days.

TXO Partners Stock Performance

TXO Partners stock traded up $0.28 during midday trading on Friday, hitting $19.41. The stock had a trading volume of 95,277 shares, compared to its average volume of 132,145. The firm's fifty day moving average is $19.15 and its two-hundred day moving average is $17.91. The company has a market capitalization of $793.96 million, a PE ratio of -3.27 and a beta of 0.19. TXO Partners has a 52-week low of $15.22 and a 52-week high of $23.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

TXO Partners (NYSE:TXO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share 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 the consensus estimate of $83.68 million. On average, research analysts forecast that TXO Partners will post 1.02 EPS for the current year.

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TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 12.57%. This is an increase from TXO Partners's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 14th. TXO Partners's dividend payout ratio is presently -39.06%.

Insider Buying and Selling

In related news, CFO Brent W. Clum sold 7,702 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value 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 represents a 1.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith A. Hutton bought 60,000 shares of TXO Partners stock in a transaction that occurred on 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 acquisition, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. This represents a 1.49 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 75,500 shares of company stock valued at $1,223,690.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. bought a new position in TXO Partners in the 4th quarter worth approximately $1,517,000. Jane Street Group LLC bought a new position in TXO Partners in the 4th quarter worth approximately $461,000. XTX Topco Ltd bought a new position in TXO Partners in the 4th quarter worth approximately $270,000. Raymond James Financial Inc. bought a new position in shares of TXO Partners during the 4th quarter valued at approximately $4,609,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of TXO Partners by 41.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,059,828 shares of the company's stock valued at $17,795,000 after acquiring an additional 313,049 shares during the last quarter. 27.44% of the stock is currently owned by institutional investors.

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.