TXO Partners, L.P. (NYSE:TXO) Short Interest Update

TXO Partners, L.P. (NYSE:TXO) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 9,500 shares, a drop of 69.9% from the November 30th total of 31,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 94,500 shares, the days-to-cover ratio is presently 0.1 days.

TXO Partners Trading Down 1.1 %

TXO Partners stock traded down $0.19 during trading on Thursday, hitting $17.06. The company’s stock had a trading volume of 69,957 shares, compared to its average volume of 75,694. The stock’s fifty day moving average is $17.03 and its 200 day moving average is $18.26. TXO Partners has a 1-year low of $15.22 and a 1-year high of $23.56. The stock has a market capitalization of $697.98 million, a price-to-earnings ratio of -2.87 and a beta of 0.08. 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 Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.60%. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio is currently -39.06%.

Insider Buying and Selling

In other TXO Partners news, Director Keith A. Hutton purchased 60,000 shares of TXO Partners stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $16.04 per share, with a total value of $962,400.00. Following the purchase, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On TXO Partners

Several hedge funds have recently modified their holdings of TXO. Raymond James & Associates raised its stake in TXO Partners by 43.4% during the second quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after purchasing an additional 70,918 shares during the period. 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 worth $943,000 after buying an additional 5,831 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of TXO Partners in the 3rd quarter worth $559,000. PFG Investments LLC acquired a new position in TXO Partners in the third quarter valued at $639,000. Finally, Hsbc Holdings PLC grew its position in TXO Partners by 89.6% during the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock valued at $3,020,000 after acquiring an additional 70,871 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

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.