TXO Partners, L.P. (NYSE:TXO - Get Free Report) shares saw strong trading volume on Tuesday . 121,586 shares were traded during mid-day trading, an increase of 68% from the previous session's volume of 72,448 shares.The stock last traded at $15.45 and had previously closed at $16.06.
TXO Partners Price Performance
The business has a fifty day moving average of $17.49 and a two-hundred day moving average of $18.42. The firm has a market capitalization of $645.61 million, a price-to-earnings ratio of -2.66 and a beta of 0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.
TXO Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a $0.58 dividend. This is a boost from TXO Partners's previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a yield of 14.70%. The ex-dividend date of this dividend was Friday, November 15th. TXO Partners's dividend payout ratio is currently -39.06%.
Hedge Funds Weigh In On TXO Partners
Several institutional investors and hedge funds have recently made changes to their positions in TXO. Thurston Springer Miller Herd & Titak Inc. bought a new position in TXO Partners during the 3rd quarter worth $84,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of TXO Partners in the third quarter valued at approximately $559,000. PFG Investments LLC bought a new stake in shares of TXO Partners in the third quarter valued at approximately $639,000. Silverleafe Capital Partners LLC acquired a new stake in TXO Partners during the second quarter worth approximately $685,000. Finally, Glenmede Trust Co. NA raised its holdings in TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock valued at $943,000 after acquiring an additional 5,831 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company's stock.
About TXO Partners
(
Get Free Report)
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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