TXO Partners (NYSE:TXO) Hits New 12-Month Low – Here’s What Happened

Shares of TXO Partners, L.P. (NYSE:TXO) reached a new 52-week low during trading on Wednesday . The stock traded as low as $17.07 and last traded at $17.08, with a volume of 52799 shares changing hands. The stock had previously closed at $17.50.

TXO Partners Stock Performance

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The stock has a market cap of $711.02 million, a price-to-earnings ratio of -2.91 and a beta of 0.08. The stock’s 50 day moving average is $18.29 and its two-hundred day moving average is $18.80.

TXO Partners Increases Dividend

The firm also recently announced 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 an increase 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 13.35%. TXO Partners’s dividend payout ratio is -39.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of TXO Partners in the 3rd quarter valued at approximately $84,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of TXO Partners during the 3rd quarter worth approximately $559,000. PFG Investments LLC purchased a new stake in TXO Partners during the third quarter worth $639,000. Silverleafe Capital Partners LLC acquired a new stake in TXO Partners in the 2nd quarter valued at about $685,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing 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

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.