TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton Buys 60,000 Shares

TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton bought 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of $16.04 per share, with a total value of $962,400.00. Following the acquisition, the director now owns 4,100,215 shares of the company’s stock, valued at $65,767,448.60. This represents a 1.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Stock Up 4.9 %

Shares of TXO Partners stock opened at $16.67 on Friday. 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 12-month low of $15.22 and a 12-month high of $23.56. The company has a market cap of $682.02 million, a P/E ratio of -2.81 and a beta of 0.08. The company’s fifty day simple moving average is $17.16 and its two-hundred day simple moving average is $18.32.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 13.92%. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s payout ratio is currently -39.06%.

Institutional Trading of TXO Partners

Several institutional investors and hedge funds have recently bought and sold shares of TXO. American Century Companies Inc. grew its holdings in shares of 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 acquiring an additional 942,295 shares during the period. Clear Street Derivatives LLC bought a new stake in shares of TXO Partners during the third quarter valued at approximately $8,059,000. Pin Oak Investment Advisors Inc. grew its stake in TXO Partners by 7.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after purchasing an additional 19,241 shares during the period. Raymond James & Associates raised its holdings in 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 purchasing an additional 70,918 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in TXO Partners during the second quarter valued at $4,032,000. 27.44% of the stock is currently 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.