TXO Partners, L.P. (NYSE:TXO) CEO Bob R. Simpson Buys 100,000 Shares

TXO Partners, L.P. (NYSE:TXO) CEO Bob R. Simpson acquired 100,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $20.00 per share, with a total value of $2,000,000.00. Following the acquisition, the chief executive officer now owns 4,500,000 shares of the company’s stock, valued at approximately $90,000,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

TXO Partners Trading Up 0.8 %

TXO stock opened at $20.16 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $623.75 million, a price-to-earnings ratio of -3.45 and a beta of 0.10. The business has a fifty day moving average price of $20.90 and a 200 day moving average price of $19.73. TXO Partners, L.P. has a fifty-two week low of $17.20 and a fifty-two week high of $23.56.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $67.44 million during the quarter, compared to analysts’ expectations of $65.24 million. TXO Partners had a positive return on equity of 7.94% and a negative net margin of 61.27%. Analysts expect that TXO Partners, L.P. will post 1.28 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.90%. The ex-dividend date was Friday, May 17th. This is a boost from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s payout ratio is -44.44%.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in TXO Partners in the fourth quarter valued at about $183,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of TXO Partners in the 4th quarter valued at about $690,000. Raymond James Financial Services Advisors Inc. grew its position in shares of TXO Partners by 418.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock worth $958,000 after buying an additional 42,533 shares during the period. Hsbc Holdings PLC bought a new stake in shares of TXO Partners during the fourth quarter worth approximately $2,685,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in TXO Partners in the fourth quarter valued at approximately $4,346,000. 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.