TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil Purchases 1,500 Shares

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil bought 1,500 shares of TXO Partners stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $16.18 per share, for a total transaction of $24,270.00. Following the completion of the acquisition, the director now directly owns 19,984 shares in the company, valued at approximately $323,341.12. The trade was a 8.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Trading Up 1.8 %

Shares of NYSE:TXO traded up $0.29 during mid-day trading on Wednesday, reaching $16.07. 249,200 shares of the company’s stock were exchanged, compared to its average volume of 75,556. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. TXO Partners, L.P. has a twelve month low of $15.22 and a twelve month high of $23.56. The firm has a market capitalization of $657.47 million, a price-to-earnings ratio of -2.71 and a beta of 0.08. The business’s fifty day moving average price is $17.36 and its 200-day moving average price is $18.38.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 14.44%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s payout ratio is -39.06%.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds have recently made changes to their positions in TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners during the 3rd quarter valued at $84,000. Glenmede Trust Co. NA grew its stake in shares of TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after buying an additional 5,831 shares during the period. Pin Oak Investment Advisors Inc. increased its position in TXO Partners by 7.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after buying an additional 19,241 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in TXO Partners in the third quarter worth approximately $559,000. Finally, PFG Investments LLC purchased a new position in TXO Partners during the 3rd quarter worth $639,000. 27.44% of the stock is currently owned by institutional investors.

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.