American Century Companies Inc. Buys 942,295 Shares of TXO Partners, L.P. (NYSE:TXO)

American Century Companies Inc. boosted its stake in shares of TXO Partners, L.P. (NYSE:TXO) by 1,127.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,025,906 shares of the company’s stock after acquiring an additional 942,295 shares during the period. American Century Companies Inc. owned 3.32% of TXO Partners worth $20,682,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in shares of TXO Partners during the 4th quarter valued at about $183,000. Silverleafe Capital Partners LLC purchased a new stake in shares of TXO Partners in the second quarter worth about $685,000. Hsbc Holdings PLC bought a new position in TXO Partners during the fourth quarter valued at approximately $2,685,000. Pin Oak Investment Advisors Inc. purchased a new position in TXO Partners during the 4th quarter valued at approximately $4,346,000. Finally, Raymond James & Associates grew 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 valued at $4,727,000 after buying an additional 70,918 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

TXO Partners Stock Up 3.6 %

Shares of TXO opened at $18.75 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 3.26. The stock has a market capitalization of $720.19 million, a price-to-earnings ratio of -3.21 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 business’s 50 day simple moving average is $19.13 and its 200-day simple moving average is $20.11.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) 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 business had revenue of $57.31 million for the quarter, compared to analysts’ expectations of $63.77 million. As a group, equities analysts expect that TXO Partners, L.P. will post 1.48 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were given a $0.57 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.28 annualized dividend and a yield of 12.16%. TXO Partners’s dividend payout ratio is currently -38.97%.

Insider Buying and Selling at TXO Partners

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

TXO Partners 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.