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

TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the purchase, the director now owns 4,100,215 shares in the company, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TXO Partners Trading Up 4.9 %

NYSE TXO opened at $16.67 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The business has a 50 day moving average price of $17.16 and a 200-day moving average price of $18.32. The company has a market cap of $682.02 million, a price-to-earnings ratio of -2.81 and a beta of 0.08.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 13.92%. 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%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXO. Raymond James & Associates increased its position in shares of TXO Partners by 43.4% during the second quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after acquiring an additional 70,918 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in TXO Partners during the 2nd quarter worth approximately $685,000. American Century Companies Inc. increased its holdings in TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after purchasing an additional 942,295 shares in the last quarter. Hsbc Holdings PLC raised its stake 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 purchasing an additional 70,871 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of TXO Partners in the second quarter valued at approximately $2,126,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.