TXO Partners, L.P. (NYSE:TXO) Short Interest Update

TXO Partners, L.P. (NYSE:TXO) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 15,400 shares, a drop of 35.3% from the September 30th total of 23,800 shares. Based on an average trading volume of 72,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of TXO. Raymond James & Associates raised its holdings in shares of TXO Partners by 43.4% in the second quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after buying an additional 70,918 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of TXO Partners by 89.6% in 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 last quarter. Westwood Holdings Group Inc. purchased a new position in shares of TXO Partners in the second quarter worth $4,032,000. Sei Investments Co. purchased a new position in shares of TXO Partners in the second quarter worth $2,126,000. Finally, American Century Companies Inc. raised its holdings in shares of TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after buying an additional 942,295 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Trading Down 0.2 %

TXO Partners stock traded down $0.03 during trading hours on Friday, hitting $19.26. 57,700 shares of the stock traded hands, compared to its average volume of 67,380. The business’s 50-day moving average price is $19.20. TXO Partners has a one year low of $17.20 and a one year high of $23.56. 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 stock has a market capitalization of $595.87 million, a P/E ratio of -3.29 and a beta of 0.05.

TXO Partners (NYSE:TXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.10). TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%. The firm had revenue of $57.31 million for the quarter, compared to analysts’ expectations of $63.77 million. On average, sell-side analysts expect that TXO Partners will post 0.88 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.28 dividend on an annualized basis and a yield of 11.84%. TXO Partners’s payout ratio is -38.97%.

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.