Sei Investments Co. bought a new position in shares of TXO Partners, L.P. (NYSE:TXO – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,433 shares of the company’s stock, valued at approximately $2,126,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silverleafe Capital Partners LLC purchased a new stake in TXO Partners in the second quarter valued at $685,000. Hsbc Holdings PLC purchased a new stake in TXO Partners in the fourth quarter valued at $2,685,000. Raymond James & Associates lifted its position in TXO Partners by 43.4% in the second 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 last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in TXO Partners in the fourth quarter valued at $4,346,000. Finally, Energy Income Partners LLC lifted its position in TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock valued at $8,857,000 after acquiring an additional 135,029 shares during the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.
TXO Partners Price Performance
Shares of TXO opened at $19.07 on Friday. TXO Partners, L.P. has a 1-year low of $17.20 and a 1-year high of $23.56. The stock has a market cap of $732.48 million, a PE ratio of -3.26 and a beta of 0.05. 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 firm has a fifty day moving average price of $18.85 and a 200 day moving average price of $19.82.
TXO Partners (NYSE:TXO – Get Free Report) last announced its quarterly 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 company had revenue of $57.31 million during the quarter, compared to analysts’ expectations of $63.77 million. As a group, sell-side analysts anticipate that TXO Partners, L.P. will post 0.98 EPS for the current year.
TXO Partners Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.96%. TXO Partners’s payout ratio is -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.
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