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

TXO Partners, L.P. (NYSE:TXO) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 33,700 shares, an increase of 118.8% from the October 15th total of 15,400 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 66,500 shares, the short-interest ratio is presently 0.5 days.

TXO Partners Stock Up 0.3 %

Shares of NYSE:TXO traded up $0.05 during trading on Wednesday, hitting $19.13. 82,800 shares of the company were exchanged, compared to its average volume of 67,668. The stock has a market capitalization of $782.67 million, a P/E ratio of -3.22 and a beta of 0.11. TXO Partners has a 12-month low of $17.20 and a 12-month high of $23.56. The firm’s 50 day moving average price is $18.96 and its 200-day moving average price is $19.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.58 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 12.13%. TXO Partners’s dividend payout ratio (DPR) is -39.06%.

Institutional Trading of TXO Partners

A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after purchasing an additional 942,295 shares in the last quarter. Energy Income Partners LLC lifted its position in shares of TXO Partners by 37.7% during the 1st quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock valued at $8,857,000 after acquiring an additional 135,029 shares during the last quarter. Raymond James & Associates raised its holdings in TXO Partners by 43.4% during the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after buying an additional 70,918 shares during the period. Westwood Holdings Group Inc. purchased a new stake in TXO Partners in the 2nd quarter worth about $4,032,000. Finally, Hsbc Holdings PLC lifted its position in TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after buying an additional 70,871 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

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.