Short Interest in TXO Partners, L.P. (NYSE:TXO) Expands By 118.8%

TXO Partners, L.P. (NYSE:TXO) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 33,700 shares, a growth of 118.8% from the October 15th total of 15,400 shares. Based on an average daily volume of 66,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of TXO Partners in the third quarter worth about $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners in the 3rd quarter valued at $559,000. PFG Investments LLC purchased a new position in TXO Partners during the 3rd quarter worth approximately $639,000. Silverleafe Capital Partners LLC purchased a new position in shares of TXO Partners during the 2nd quarter valued at about $685,000. Finally, Sei Investments Co. acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $2,126,000. Institutional investors own 27.44% of the company’s stock.

TXO Partners Trading Up 0.3 %

NYSE:TXO traded up $0.05 during trading hours on Wednesday, reaching $19.13. The company’s stock had a trading volume of 82,800 shares, compared to its average volume of 67,668. The firm has a 50-day simple moving average of $18.96 and a 200-day simple moving average of $19.21. 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 has a 1 year low of $17.20 and a 1 year high of $23.56. The firm has a market capitalization of $782.67 million, a price-to-earnings ratio of -3.22 and a beta of 0.11.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 15th will be issued a $0.58 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 12.13%. The ex-dividend date of this dividend is Friday, November 15th. TXO Partners’s payout ratio is presently -39.06%.

About TXO Partners

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.