Westwood Holdings Group Inc. Makes New $4.03 Million Investment in TXO Partners, L.P. (NYSE:TXO)

Westwood Holdings Group Inc. acquired a new position in shares of TXO Partners, L.P. (NYSE:TXO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $4,032,000. Westwood Holdings Group Inc. owned about 0.52% of TXO Partners as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TXO. Hsbc Holdings PLC purchased a new position in shares of TXO Partners in the 4th quarter valued at about $2,685,000. Brown Brothers Harriman & Co. purchased a new position in shares of TXO Partners in the 4th quarter valued at about $183,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of TXO Partners in the 4th quarter valued at about $4,346,000. Energy Income Partners LLC increased its holdings in shares of TXO Partners by 37.7% in the 1st quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock valued at $8,857,000 after purchasing an additional 135,029 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of TXO Partners by 43.4% in the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after purchasing an additional 70,918 shares in the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Insider Activity at TXO Partners

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

TXO Partners Stock Down 1.8 %

Shares of TXO opened at $18.41 on Monday. The company has a 50-day moving average of $19.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 3.26. The stock has a market cap of $569.57 million, a P/E ratio of -3.15 and a beta of 0.05. TXO Partners, L.P. has a 52-week low of $17.20 and a 52-week high of $23.56.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.10). The company had revenue of $57.31 million during the quarter, compared to analysts’ expectations of $63.77 million. TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%. On average, research analysts anticipate that TXO Partners, L.P. will post 1.48 EPS for the current year.

TXO Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.28 dividend on an annualized basis and a yield of 12.38%. TXO Partners’s payout ratio is -38.97%.

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.