TXO Partners, L.P. (NYSE:TXO) Short Interest Down 23.6% in March

TXO Partners, L.P. (NYSE:TXO) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 193,800 shares, a decline of 23.6% from the February 28th total of 253,600 shares. Based on an average daily volume of 126,300 shares, the short-interest ratio is presently 1.5 days. Approximately 0.6% of the company’s stock are short sold.

TXO Partners Stock Up 0.1 %

TXO traded up $0.02 during trading on Tuesday, hitting $19.18. The company had a trading volume of 85,263 shares, compared to its average volume of 96,078. TXO Partners has a 1-year low of $15.22 and a 1-year high of $23.56. 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 company has a market cap of $789.44 million, a PE ratio of -3.23 and a beta of 0.13. The business has a 50-day moving average of $19.28 and a 200-day moving average of $18.06.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The company had revenue of $83.68 million during the quarter, compared to analyst estimates of $83.68 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. As a group, analysts forecast that TXO Partners will post 1.02 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s dividend payout ratio is currently 353.62%.

Insider Transactions at TXO Partners

In other news, CEO Gary D. Simpson sold 31,517 shares of TXO Partners stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total transaction 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. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brent W. Clum sold 7,702 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $143,180.18. Following the completion of the transaction, the chief financial officer now directly owns 470,337 shares of the company’s stock, valued at $8,743,564.83. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,994 shares of company stock valued at $851,882.

Institutional Trading of TXO Partners

Hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA grew its stake in TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after buying an additional 5,831 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in shares of TXO Partners in the 3rd quarter worth about $8,059,000. CWA Asset Management Group LLC acquired a new stake in shares of TXO Partners in the 4th quarter worth about $654,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in TXO Partners by 109.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock valued at $150,000 after purchasing an additional 4,664 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in TXO Partners during the 4th quarter valued at about $505,000. Institutional investors own 27.44% of the company’s stock.

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.