TXO Partners, L.P. (NYSE:TXO) CEO Buys $2,000,000.00 in Stock

TXO Partners, L.P. (NYSE:TXO) CEO Bob R. Simpson purchased 100,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was bought at an average cost of $20.00 per share, with a total value of $2,000,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,500,000 shares of the company’s stock, valued at $90,000,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

TXO Partners Trading Up 0.8 %

Shares of TXO stock opened at $20.16 on Friday. The company has a market capitalization of $623.75 million, a price-to-earnings ratio of -3.45 and a beta of 0.10. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $20.90 and a 200 day moving average price of $19.73. TXO Partners, L.P. has a twelve month low of $17.20 and a twelve month high of $23.56.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.24 million. TXO Partners had a negative net margin of 61.27% and a positive return on equity of 7.94%. Research analysts forecast that TXO Partners, L.P. will post 1.28 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were paid a $0.65 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.60 annualized dividend and a yield of 12.90%. The ex-dividend date was Friday, May 17th. TXO Partners’s dividend payout ratio is presently -44.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in TXO Partners in the fourth quarter valued at approximately $183,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of TXO Partners in the 4th quarter valued at $690,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of TXO Partners by 418.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock valued at $958,000 after buying an additional 42,533 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of TXO Partners during the 4th quarter worth $2,685,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of TXO Partners in the 4th quarter worth $4,346,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.