Gary D. Simpson Sells 31,517 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO) CEO Gary D. Simpson sold 31,517 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total value of $601,344.36. Following the sale, the chief executive officer now directly owns 408,053 shares of the company’s stock, valued at approximately $7,785,651.24. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Trading Up 0.1 %

Shares of NYSE:TXO traded up $0.02 during midday trading on Tuesday, reaching $19.18. 85,263 shares of the company’s stock were exchanged, compared to its average volume of 95,880. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $789.44 million, a price-to-earnings ratio of -3.23 and a beta of 0.13. The firm’s 50 day simple moving average is $19.27 and its two-hundred day simple moving average is $18.05. TXO Partners, L.P. has a fifty-two week low of $15.22 and a fifty-two week high of $23.56.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The firm had revenue of $83.68 million for the quarter, compared to analyst estimates of $83.68 million. As a group, sell-side 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were paid a $0.61 dividend. This is an increase 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 12.72%. TXO Partners’s payout ratio is 353.62%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of TXO Partners in the 4th quarter valued at about $72,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in TXO Partners by 109.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock valued at $150,000 after acquiring an additional 4,664 shares in the last quarter. M&T Bank Corp acquired a new stake in TXO Partners in the fourth quarter valued at approximately $253,000. XTX Topco Ltd acquired a new position in TXO Partners during the 4th quarter worth approximately $270,000. Finally, Virtu Financial LLC purchased a new stake in shares of TXO Partners in the 4th quarter valued at approximately $339,000. 27.44% of the stock is owned by institutional investors and hedge funds.

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.