Raymond James & Associates Cuts Stock Holdings in TXO Partners, L.P. (NYSE:TXO)

Raymond James & Associates reduced its position in shares of TXO Partners, L.P. (NYSE:TXO) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,769 shares of the company’s stock after selling 8,719 shares during the period. Raymond James & Associates owned approximately 0.73% of TXO Partners worth $4,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in TXO Partners during the third quarter worth about $84,000. Silverleafe Capital Partners LLC acquired a new position in TXO Partners during the second quarter worth about $685,000. Hsbc Holdings PLC grew its position in TXO Partners by 89.6% during the second 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 during the period. Sei Investments Co. acquired a new position in TXO Partners during the second quarter worth about $2,126,000. Finally, Energy Income Partners LLC grew its position in TXO Partners by 37.7% during the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock worth $8,857,000 after buying an additional 135,029 shares during the period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

TXO Partners Trading Down 0.9 %

Shares of TXO opened at $18.45 on Friday. The company has a current ratio of 3.27, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $19.25 and its two-hundred day moving average is $19.35. TXO Partners, L.P. has a twelve month low of $17.20 and a twelve month high of $23.56. The firm has a market capitalization of $708.66 million, a P/E ratio of -3.25 and a beta of 0.12.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.10). The business had revenue of $57.31 million during the quarter, compared to analyst estimates 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 predict that TXO Partners, L.P. will post 0.91 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were given a $0.57 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.28 annualized dividend and a dividend yield of 12.36%. TXO Partners’s dividend payout ratio is presently -40.14%.

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.