CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $4.41 Million Stock Holdings in TXO Partners, L.P. (NYSE:TXO)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its holdings in shares of TXO Partners, L.P. (NYSE:TXO) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,630 shares of the company’s stock after selling 3,370 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in TXO Partners were worth $4,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 position in shares of TXO Partners in the fourth quarter valued at approximately $505,000. Glenmede Trust Co. NA boosted its position in shares of TXO Partners by 13.9% during the third 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 last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in TXO Partners during the third quarter worth $559,000. Finally, PFG Investments LLC purchased a new stake in TXO Partners in the 3rd quarter valued at $639,000. 27.44% of the stock is owned by institutional investors.

Insider Transactions at TXO Partners

In other news, Director Keith A. Hutton bought 60,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the purchase, the director now directly owns 4,100,215 shares of the company’s stock, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Adams III acquired 14,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $16.93 per share, with a total value of $237,020.00. Following the purchase, the director now directly owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This trade represents a 17.77 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 75,500 shares of company stock worth $1,223,690.

TXO Partners Trading Down 1.1 %

NYSE TXO opened at $19.15 on Friday. The company has a fifty day moving average price of $17.65 and a 200-day moving average price of $17.84. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The business had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million. As a group, sell-side analysts anticipate that TXO Partners, L.P. will post 0.76 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date was Friday, November 15th. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio is currently -39.06%.

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.