Hsbc Holdings PLC Increases Stock Holdings in TXO Partners, L.P. (NYSE:TXO)

Hsbc Holdings PLC grew its holdings in shares of TXO Partners, L.P. (NYSE:TXO) by 89.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the company’s stock after purchasing an additional 70,871 shares during the quarter. Hsbc Holdings PLC owned approximately 0.48% of TXO Partners worth $3,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of TXO Partners in the 4th quarter worth $183,000. Pin Oak Investment Advisors Inc. bought a new position in shares of TXO Partners in the fourth quarter worth about $4,346,000. Energy Income Partners LLC raised its stake in shares of TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock worth $8,857,000 after buying an additional 135,029 shares during the period. Raymond James & Associates grew its stake in shares of TXO Partners by 43.4% during the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after acquiring an additional 70,918 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new stake in TXO Partners in the 2nd quarter worth approximately $685,000. Institutional investors own 27.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Bob R. Simpson acquired 100,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was acquired 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 directly owns 4,500,000 shares in the company, valued at approximately $90,000,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Bob R. Simpson acquired 100,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $20.00 per share, with a total value of $2,000,000.00. Following the acquisition, the chief executive officer now directly owns 4,500,000 shares of the company’s stock, valued at $90,000,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keith A. Hutton bought 878,000 shares of TXO Partners stock in a transaction dated Friday, June 28th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $17,560,000.00. Following the completion of the acquisition, the insider now directly owns 4,000,215 shares of the company’s stock, valued at approximately $80,004,300. The disclosure for this purchase can be found here.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $18.67 on Thursday. The company has a market capitalization of $717.11 million, a P/E ratio of -3.19 and a beta of 0.05. TXO Partners, L.P. has a 1-year low of $17.20 and a 1-year high of $23.56. The firm’s 50 day simple moving average is $18.88 and its two-hundred day simple moving average is $20.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 3.26.

TXO Partners (NYSE:TXO) last released its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.10). TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%. The firm had revenue of $57.31 million for the quarter, compared to analysts’ expectations of $63.77 million. Research analysts expect that TXO Partners, L.P. will post 1.3 EPS for the current fiscal year.

TXO Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 12.21%. The ex-dividend date was Tuesday, August 20th. TXO Partners’s dividend payout ratio (DPR) is presently -38.97%.

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.