TXO Partners, L.P. (NYSE:TXO - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $17.70, but opened at $17.33. TXO Partners shares last traded at $17.70, with a volume of 24,491 shares traded.
TXO Partners Stock Up 0.2 %
The firm's 50 day moving average price is $18.42 and its two-hundred day moving average price is $18.84. The firm has a market capitalization of $725.80 million, a PE ratio of -2.99 and a beta of 0.11. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.08%. 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. TXO Partners's dividend payout ratio is -39.06%.
Institutional Investors Weigh In On TXO Partners
Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its position in shares of TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock worth $20,682,000 after buying an additional 942,295 shares during the period. Clear Street Derivatives LLC bought a new stake in shares of TXO Partners during the 3rd quarter worth approximately $8,059,000. Pin Oak Investment Advisors Inc. raised its stake in TXO Partners by 7.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company's stock valued at $5,757,000 after acquiring an additional 19,241 shares during the period. Raymond James & Associates lifted its holdings 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 last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in TXO Partners during the 2nd quarter valued at $4,032,000. 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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