Short Interest in TXO Partners, L.P. (NYSE:TXO) Grows By 417.6%

TXO Partners, L.P. (NYSE:TXO) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 253,600 shares, a growth of 417.6% from the February 13th total of 49,000 shares. Based on an average daily volume of 142,400 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the shares of the company are sold short.

Insiders Place Their Bets

In other TXO Partners news, Director Keith A. Hutton acquired 60,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the purchase, the director now directly owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. This trade represents a 1.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William H. Adams III bought 14,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of $16.93 per share, with a total value of $237,020.00. Following the completion of the transaction, the director now directly owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This trade represents a 17.77 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 75,500 shares of company stock valued at $1,223,690.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. CWA Asset Management Group LLC purchased a new position in shares of TXO Partners in the fourth quarter worth $654,000. Merit Financial Group LLC bought a new position in shares of TXO Partners during the 4th quarter valued at approximately $505,000. Glenmede Trust Co. NA lifted its holdings in shares of TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares during the last quarter. Childress Capital Advisors LLC bought a new position in shares of TXO Partners during the fourth quarter valued at approximately $423,000. Finally, Clear Street Derivatives LLC purchased a new stake in TXO Partners in the third quarter worth $8,059,000. 27.44% of the stock is owned by institutional investors.

TXO Partners Stock Performance

NYSE TXO traded up $0.41 on Wednesday, hitting $20.00. 113,307 shares of the company traded hands, compared to its average volume of 129,598. 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 business’s 50 day moving average price is $19.16 and its 200-day moving average price is $17.91. The company has a market capitalization of $823.15 million, a price-to-earnings ratio of -3.37 and a beta of 0.13. TXO Partners has a 52-week low of $15.22 and a 52-week high of $23.56.

TXO Partners (NYSE:TXO) last announced its quarterly earnings data 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). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The company had revenue of $83.68 million for the quarter, compared to the consensus estimate of $83.68 million. Equities analysts expect that TXO Partners will post 1.02 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 12.20%. TXO Partners’s dividend payout ratio is 353.62%.

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.