Short Interest in TXO Partners, L.P. (NYSE:TXO) Drops By 36.5%

TXO Partners, L.P. (NYSE:TXO) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 31,600 shares, a decline of 36.5% from the November 15th total of 49,800 shares. Based on an average trading volume of 75,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

TXO Partners Trading Down 1.1 %

TXO traded down $0.18 on Friday, hitting $16.54. 147,700 shares of the company’s stock were exchanged, compared to its average volume of 112,147. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $17.74. TXO Partners has a twelve month low of $16.11 and a twelve month high of $23.56. The firm has a market capitalization of $676.65 million, a price-to-earnings ratio of -2.78 and a beta of 0.08.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a $0.58 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. This represents a $2.32 annualized dividend and a yield of 14.03%. TXO Partners’s dividend payout ratio is -39.06%.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of TXO Partners during the 3rd quarter worth about $84,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in TXO Partners during the third quarter worth approximately $559,000. PFG Investments LLC acquired a new stake in TXO Partners in the third quarter worth approximately $639,000. Silverleafe Capital Partners LLC bought a new position in TXO Partners during the 2nd quarter valued at $685,000. Finally, Glenmede Trust Co. NA increased its position in shares of TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares during the period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.