TXO Partners, L.P. (NYSE:TXO) Short Interest Update

TXO Partners, L.P. (NYSE:TXO) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 9,500 shares, a drop of 69.9% from the November 30th total of 31,600 shares. Based on an average daily trading volume, of 94,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

TXO Partners Stock Down 1.1 %

Shares of TXO stock traded down $0.19 during trading hours on Thursday, reaching $17.06. The company had a trading volume of 69,957 shares, compared to its average volume of 75,694. The stock’s fifty day simple moving average is $17.03 and its 200 day simple moving average is $18.26. The company has a market capitalization of $697.98 million, a P/E ratio of -2.87 and a beta of 0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. TXO Partners has a twelve month low of $15.22 and a twelve month high of $23.56.

TXO Partners Increases Dividend

The company also recently announced 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 is a boost from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.60%. The ex-dividend date of this dividend was Friday, November 15th. TXO Partners’s payout ratio is presently -39.06%.

Insider Activity at TXO Partners

In related news, Director Keith A. Hutton acquired 60,000 shares of TXO Partners stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the purchase, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On TXO Partners

A number of large investors have recently added to or reduced their stakes in TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new position in TXO Partners in the 3rd quarter worth $84,000. Glenmede Trust Co. NA grew its stake 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 acquiring an additional 5,831 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after acquiring an additional 19,241 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners in the third quarter worth about $559,000. Finally, PFG Investments LLC purchased a new position in TXO Partners in the third quarter valued at about $639,000. 27.44% of the stock is 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.