Virtu Financial LLC bought a new position in TXO Partners, L.P. (NYSE:TXO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,137 shares of the company's stock, valued at approximately $339,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Street Derivatives LLC acquired a new stake in shares of TXO Partners in the 3rd quarter valued at $8,059,000. Pin Oak Investment Advisors Inc. raised its holdings in TXO Partners by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 291,882 shares of the company's stock valued at $4,915,000 after buying an additional 821 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TXO Partners in the fourth quarter worth about $4,609,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of TXO Partners by 28.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company's stock worth $842,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of TXO Partners by 13.9% during 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 during the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.
TXO Partners Stock Performance
Shares of TXO stock traded up $0.07 during trading on Monday, reaching $19.22. The company had a trading volume of 18,476 shares, compared to its average volume of 118,079. The firm's 50 day simple moving average is $19.27 and its two-hundred day simple moving average is $18.05. TXO Partners, L.P. has a one year low of $15.22 and a one year 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 company has a market capitalization of $791.29 million, a PE ratio of -3.24 and a beta of 0.13.
TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.13). The firm had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. Sell-side analysts forecast that TXO Partners, L.P. will post 1.02 earnings per share for the current year.
TXO Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 12.69%. This is a boost from TXO Partners's previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 14th. TXO Partners's dividend payout ratio is 353.62%.
Insider Activity
In other news, CFO Brent W. Clum sold 7,702 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the transaction, the chief financial officer now directly owns 470,337 shares in the company, valued at $8,743,564.83. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott T. Agosta sold 5,775 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $107,357.25. Following the completion of the sale, the chief accounting officer now owns 159,498 shares in the company, valued at approximately $2,965,067.82. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here.
TXO Partners Profile
(
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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