TXO Partners (NYSE:TXO) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

TXO Partners (NYSE:TXO - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13), Zacks reports. The company had revenue of $83.68 million during 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%.

TXO Partners Stock Performance

Shares of NYSE TXO traded up $0.28 during mid-day trading on Friday, hitting $19.41. The company had a trading volume of 95,277 shares, compared to its average volume of 132,145. The stock has a market cap of $798.91 million, a price-to-earnings ratio of -3.27 and a beta of 0.13. TXO Partners has a 12 month low of $15.22 and a 12 month 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 firm's 50 day simple moving average is $19.15 and its two-hundred day simple moving average is $17.90.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 14th will be issued a $0.61 dividend. This is an increase from TXO Partners's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 14th. This represents a $2.44 annualized dividend and a dividend yield of 12.57%. TXO Partners's dividend payout ratio (DPR) is 353.62%.

Insider Buying and Selling

In other TXO Partners news, Director Keith A. Hutton bought 60,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the transaction, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. The trade was a 1.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brent W. Clum sold 7,702 shares of the firm's 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 owns 470,337 shares in the company, valued at approximately $8,743,564.83. This represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 75,500 shares of company stock valued at $1,223,690.

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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.