Short Interest in TXO Partners, L.P. (NYSE:TXO) Declines By 36.5%

TXO Partners, L.P. (NYSE:TXO) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 31,600 shares, a drop of 36.5% from the November 15th total of 49,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 75,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of TXO Partners

Several hedge funds have recently made changes to their positions in TXO. Raymond James & Associates increased its holdings in TXO Partners by 43.4% in the second quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after buying an additional 70,918 shares in the last quarter. Glenmede Trust Co. NA increased its stake in TXO Partners by 13.9% in the 3rd 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. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in TXO Partners during the third quarter worth $559,000. PFG Investments LLC purchased a new stake in TXO Partners during the third quarter worth $639,000. Finally, Hsbc Holdings PLC grew its holdings in TXO Partners by 89.6% in the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock valued at $3,020,000 after purchasing an additional 70,871 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

TXO Partners Price Performance

Shares of TXO traded down $0.18 during mid-day trading on Friday, reaching $16.54. 147,700 shares of the company’s stock were exchanged, compared to its average volume of 112,147. The stock’s fifty day simple moving average is $17.74. TXO Partners has a 52-week low of $16.11 and a 52-week high of $23.56. The stock has a market cap of $676.65 million, a PE ratio of -2.78 and a beta of 0.08. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 14.03%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is -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.