TXO Partners, L.P. (NYSE:TXO) Major Shareholder Global Endowment Management, L Sells 51,752 Shares of Stock

TXO Partners, L.P. (NYSE:TXO) major shareholder Global Endowment Management, L sold 51,752 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $18.39, for a total value of $951,719.28. Following the completion of the transaction, the insider now owns 1,120,778 shares of the company’s stock, valued at approximately $20,611,107.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

TXO Partners Stock Down 1.4 %

Shares of NYSE TXO traded down $0.25 during trading on Thursday, hitting $18.26. 46,600 shares of the company traded hands, compared to its average volume of 40,191. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average is $18.29 and its 200 day moving average is $18.20. The firm has a market capitalization of $561.50 million, a price-to-earnings ratio of -5.50 and a beta of -0.18. TXO Partners, L.P. has a fifty-two week low of $17.20 and a fifty-two week high of $23.57.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.72. TXO Partners had a negative net margin of 27.31% and a positive return on equity of 6.89%. The business had revenue of $91.97 million during the quarter, compared to the consensus estimate of $70.76 million. Equities research analysts predict that TXO Partners, L.P. will post 1.34 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.58 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.52. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.71%. The ex-dividend date of this dividend was Thursday, March 14th. TXO Partners’s dividend payout ratio is presently -69.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TXO shares. Raymond James decreased their price objective on TXO Partners from $30.00 to $26.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Stifel Nicolaus decreased their target price on shares of TXO Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd.

Institutional Trading of TXO Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of TXO Partners by 35.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 71,443 shares of the company’s stock worth $1,282,000 after buying an additional 18,755 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of TXO Partners in the 4th quarter worth about $4,346,000. Brown Brothers Harriman & Co. purchased a new position in TXO Partners during the 4th quarter valued at about $183,000. Hsbc Holdings PLC purchased a new position in TXO Partners during the 4th quarter valued at about $2,685,000. Finally, King Luther Capital Management Corp lifted its position in TXO Partners by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock valued at $47,114,000 after acquiring an additional 15,000 shares during the period. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

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.