Sei Investments Co. Buys 5,000 Shares of TXO Partners, L.P. (NYSE:TXO)

Sei Investments Co. boosted its position in shares of TXO Partners, L.P. (NYSE:TXO) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,094 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Sei Investments Co. owned 0.30% of TXO Partners worth $2,073,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of TXO Partners in the fourth quarter worth $72,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in TXO Partners by 109.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock worth $150,000 after buying an additional 4,664 shares during the period. M&T Bank Corp purchased a new stake in TXO Partners in the 4th quarter worth $253,000. Virtu Financial LLC bought a new stake in TXO Partners during the fourth quarter valued at about $339,000. Finally, Boston Partners purchased a new position in shares of TXO Partners in the fourth quarter valued at about $375,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Stock Performance

NYSE TXO opened at $17.01 on Friday. 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, L.P. has a twelve month low of $15.22 and a twelve month high of $23.56. The business has a 50-day moving average price of $19.24 and a 200-day moving average price of $18.08. The firm has a market cap of $700.27 million, a price-to-earnings ratio of -2.86 and a beta of 0.09.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.13). The business had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. As a group, equities research analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were issued a $0.61 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 14.34%. The ex-dividend date was Friday, March 14th. TXO Partners’s payout ratio is currently 353.62%.

Insiders Place Their Bets

In other news, CFO Brent W. Clum sold 7,702 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the transaction, the chief financial officer now directly owns 470,337 shares in the company, valued at approximately $8,743,564.83. This represents a 1.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott T. Agosta sold 5,775 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $107,357.25. Following the completion of the transaction, the chief accounting officer now directly owns 159,498 shares of the company’s stock, valued at approximately $2,965,067.82. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,994 shares of company stock worth $851,882 in the last 90 days.

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.