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

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil purchased 1,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $16.18 per share, for a total transaction of $24,270.00. Following the acquisition, the director now owns 19,984 shares of the company’s stock, valued at approximately $323,341.12. This represents a 8.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TXO Partners Stock Performance

Shares of TXO Partners stock opened at $15.89 on Friday. The company has a market cap of $650.11 million, a PE ratio of -2.68 and a beta of 0.08. 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 $17.24 and a 200-day moving average price of $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.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a dividend yield of 14.60%. TXO Partners’s dividend payout ratio is -39.06%.

Institutional Trading of TXO Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of TXO Partners by 1,127.0% during the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock valued at $20,682,000 after acquiring an additional 942,295 shares during the last quarter. Clear Street Derivatives LLC purchased a new stake in shares of TXO Partners during the third quarter valued at approximately $8,059,000. Westwood Holdings Group Inc. purchased a new stake in shares of TXO Partners during the second quarter valued at approximately $4,032,000. Sei Investments Co. purchased a new stake in shares of TXO Partners during the second quarter valued at approximately $2,126,000. Finally, 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 valued at $4,727,000 after acquiring an additional 70,918 shares during the last quarter. 27.44% of the stock is owned by hedge funds and other 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.