TXO Partners, L.P. (NYSE:TXO - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.56 and last traded at $16.62, with a volume of 222300 shares. The stock had previously closed at $16.57.
TXO Partners Stock Up 1.3 %
The stock has a market cap of $688.92 million, a price-to-earnings ratio of -2.84 and a beta of 0.08. The business's fifty day moving average is $17.96 and its two-hundred day moving average is $18.61. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.
TXO Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.58 per share. This is a positive change from TXO Partners's previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 13.78%. TXO Partners's payout ratio is -39.06%.
Hedge Funds Weigh In On TXO Partners
A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners during the third quarter worth $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners during the third quarter valued at $559,000. PFG Investments LLC bought a new position in shares of TXO Partners in the third quarter valued at approximately $639,000. Silverleafe Capital Partners LLC acquired a new position in shares of TXO Partners during the 2nd quarter valued at $685,000. Finally, Glenmede Trust Co. NA raised its position in TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock worth $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.
TXO Partners Company Profile
(
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.
Featured Stories
Before you consider TXO Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TXO Partners wasn't on the list.
While TXO Partners currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
