TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton Buys 60,000 Shares

TXO Partners, L.P. (NYSE:TXO) Director Keith A. Hutton purchased 60,000 shares of TXO Partners stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the transaction, the director now owns 4,100,215 shares in the company, valued at $65,767,448.60. This represents a 1.49 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

TXO Partners Price Performance

Shares of NYSE TXO traded down $0.18 during trading on Thursday, reaching $15.89. The company had a trading volume of 135,800 shares, compared to its average volume of 75,802. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The business’s 50 day moving average price is $17.24 and its 200-day moving average price is $18.34. The stock has a market cap of $650.11 million, a PE ratio of -2.68 and a beta of 0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.58 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.32 annualized dividend and a yield of 14.60%. TXO Partners’s dividend payout ratio is currently -39.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TXO. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of TXO Partners during the third quarter worth $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in TXO Partners in the third quarter worth about $559,000. PFG Investments LLC acquired a new stake in TXO Partners in the third quarter worth about $639,000. Silverleafe Capital Partners LLC bought a new stake in TXO Partners during the 2nd quarter worth about $685,000. Finally, Glenmede Trust Co. NA lifted its position in TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares during the period. 27.44% of the stock is currently owned by 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.