Boston Partners Takes Position in TXO Partners, L.P. (NYSE:TXO)

Boston Partners acquired a new position in TXO Partners, L.P. (NYSE:TXO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 22,242 shares of the company’s stock, valued at approximately $375,000.

Several other large investors have also recently added to or reduced their stakes in TXO. Clear Street Derivatives LLC bought a new position in shares of TXO Partners in the third quarter worth $8,059,000. Raymond James Financial Inc. bought a new position in TXO Partners in the 4th quarter valued at about $4,609,000. CWA Asset Management Group LLC acquired a new position in TXO Partners during the 4th quarter valued at about $654,000. Merit Financial Group LLC bought a new stake in shares of TXO Partners during the 4th quarter worth about $505,000. Finally, Childress Capital Advisors LLC acquired a new stake in shares of TXO Partners in the 4th quarter worth approximately $423,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TXO Partners

In related news, CAO Scott T. Agosta sold 5,775 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 159,498 shares in the company, valued at approximately $2,965,067.82. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brent W. Clum sold 7,702 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value 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 $8,743,564.83. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here.

TXO Partners Price Performance

NYSE TXO opened at $19.69 on Monday. TXO Partners, L.P. has a 12 month low of $15.22 and a 12 month high of $23.56. The firm has a market capitalization of $810.60 million, a PE ratio of -3.31 and a beta of 0.13. The company’s 50 day simple moving average is $19.22 and its 200 day simple moving average is $18.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02.

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

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were given a dividend of $0.61 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 14th. This represents a $2.44 annualized dividend and a dividend yield of 12.39%. TXO Partners’s dividend payout ratio (DPR) is 353.62%.

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.