Keith A. Hutton Buys 60,000 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton bought 60,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $16.04 per share, with a total value of $962,400.00. Following the transaction, the director now directly owns 4,100,215 shares in the company, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

TXO Partners Trading Down 1.1 %

NYSE TXO traded down $0.18 on Thursday, reaching $15.89. The company had a trading volume of 135,800 shares, compared to its average volume of 75,802. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The stock’s 50 day moving average is $17.24 and its 200-day moving average is $18.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The stock has a market cap of $650.11 million, a price-to-earnings ratio of -2.68 and a beta of 0.08.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 14.60%. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is currently -39.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of TXO Partners during the third quarter worth $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in TXO Partners during the 3rd quarter worth $559,000. PFG Investments LLC bought a new position in TXO Partners during the third quarter worth about $639,000. Silverleafe Capital Partners LLC acquired a new position in TXO Partners in the second quarter valued at about $685,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.