TXO Partners (NYSE:TXO) Stock Price Down 0% – Time to Sell?

TXO Partners, L.P. (NYSE:TXO) shares were down 0% during mid-day trading on Thursday . The stock traded as low as $19.25 and last traded at $19.43. Approximately 21,350 shares were traded during trading, a decline of 68% from the average daily volume of 66,474 shares. The stock had previously closed at $19.43.

TXO Partners Stock Up 0.1 %

The company has a quick ratio of 3.26, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $18.87 and its 200 day moving average price is $19.77. The firm has a market cap of $601.74 million, a P/E ratio of -3.32 and a beta of 0.05.

TXO Partners (NYSE:TXO) last posted its 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). TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%. The firm had revenue of $57.31 million for the quarter, compared to analyst estimates of $63.77 million. As a group, research analysts expect that TXO Partners, L.P. will post 0.98 earnings per share 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 issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 11.72%. The ex-dividend date of this dividend was Tuesday, August 20th. TXO Partners’s dividend payout ratio (DPR) is -38.97%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of TXO Partners by 1,127.0% in the second 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 in the last quarter. Energy Income Partners LLC lifted its position in 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. Raymond James & Associates boosted its stake in TXO Partners by 43.4% during 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. Westwood Holdings Group Inc. acquired a new position in shares of TXO Partners during the 2nd quarter valued at $4,032,000. Finally, Hsbc Holdings PLC raised its stake in shares of TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after buying an additional 70,871 shares in the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Company 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.