Westwood Holdings Group Inc. Buys Shares of 200,000 TXO Partners, L.P. (NYSE:TXO)

Westwood Holdings Group Inc. bought a new stake in shares of TXO Partners, L.P. (NYSE:TXO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $4,032,000. Westwood Holdings Group Inc. owned 0.52% of TXO Partners at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXO. American Century Companies Inc. raised its holdings in TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock valued at $20,682,000 after acquiring an additional 942,295 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in TXO Partners during the 4th quarter valued at $4,346,000. Hsbc Holdings PLC bought a new stake in TXO Partners during the 4th quarter valued at $2,685,000. Energy Income Partners LLC increased its holdings in shares of TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock worth $8,857,000 after purchasing an additional 135,029 shares during the period. Finally, Sei Investments Co. bought a new position in shares of TXO Partners in the second quarter worth $2,126,000. Institutional investors own 27.44% of the company’s stock.

TXO Partners Stock Performance

TXO Partners stock opened at $18.41 on Monday. The company has a market capitalization of $569.57 million, a PE ratio of -3.15 and a beta of 0.05. TXO Partners, L.P. has a fifty-two week low of $17.20 and a fifty-two week high of $23.56. The stock has a fifty day moving average price of $19.05. The company has a current ratio of 3.27, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.10). The firm had revenue of $57.31 million during the quarter, compared to the consensus estimate of $63.77 million. TXO Partners had a positive return on equity of 9.33% and a negative net margin of 60.08%. Sell-side analysts predict that TXO Partners, L.P. will post 1.48 earnings per share for the current year.

TXO Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were issued a $0.57 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.28 annualized dividend and a dividend yield of 12.38%. TXO Partners’s payout ratio is currently -38.97%.

Insider Transactions at TXO Partners

In other news, CEO Bob R. Simpson bought 100,000 shares of TXO Partners stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $20.00 per share, with a total value of $2,000,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,500,000 shares in the company, valued at $90,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Bob R. Simpson bought 100,000 shares of TXO Partners stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $20.00 per share, with a total value of $2,000,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,500,000 shares in the company, valued at $90,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith A. Hutton bought 878,000 shares of TXO Partners stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $17,560,000.00. Following the purchase, the insider now owns 4,000,215 shares of the company’s stock, valued at $80,004,300. The disclosure for this purchase can be found here.

TXO Partners 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.