TXO Partners, L.P. (TXO) To Go Ex-Dividend on March 14th

TXO Partners, L.P. (NYSE:TXO) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.61 per share on Friday, March 21st. This represents a $2.44 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date is Friday, March 14th. This is a 5.2% increase from TXO Partners’s previous quarterly dividend of $0.58.

TXO Partners has a dividend payout ratio of 145.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect TXO Partners to earn $1.91 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 121.5%.

TXO Partners Price Performance

NYSE TXO opened at $19.03 on Thursday. The stock’s 50-day moving average price is $19.14 and its two-hundred day moving average price is $17.91. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The company has a market cap of $778.57 million, a PE ratio of -3.20 and a beta of 0.19. TXO Partners has a 1 year low of $15.22 and a 1 year high of $23.56.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The business had revenue of $83.68 million during the quarter, compared to analyst estimates of $83.68 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. On average, analysts predict that TXO Partners will post 1.02 EPS for the current year.

Insider Activity at TXO Partners

In related news, CFO Brent W. Clum sold 7,702 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total value of $143,180.18. Following the completion of the sale, the chief financial officer now owns 470,337 shares of the company’s stock, valued at approximately $8,743,564.83. The trade was a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith A. Hutton purchased 60,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $16.04 per share, with a total value of $962,400.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 75,500 shares of company stock valued at $1,223,690.

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.