28,250 Shares in TXO Partners, L.P. (NYSE:TXO) Bought by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners, L.P. (NYSE:TXO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,250 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXO. PFG Investments LLC acquired a new position in shares of TXO Partners in the third quarter worth $639,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners in the third quarter worth $84,000. Westwood Holdings Group Inc. acquired a new position in shares of TXO Partners in the second quarter worth $4,032,000. Sei Investments Co. acquired a new position in shares of TXO Partners in the second quarter worth $2,126,000. Finally, Hsbc Holdings PLC raised its holdings in shares of TXO Partners by 89.6% in the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after acquiring an additional 70,871 shares during the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Price Performance

NYSE TXO opened at $18.62 on Friday. TXO Partners, L.P. has a fifty-two week low of $17.20 and a fifty-two week high of $23.56. The business has a fifty day moving average of $19.27 and a 200-day moving average of $19.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 3.26.

TXO Partners (NYSE:TXO) last released 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). The company had revenue of $57.31 million during the quarter, compared to analyst estimates of $63.77 million. TXO Partners had a positive return on equity of 9.33% and a negative net margin of 60.08%. Equities research analysts predict that TXO Partners, L.P. will post 0.91 earnings per share for the current year.

TXO Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.28 annualized dividend and a yield of 12.24%. TXO Partners’s payout ratio is currently -40.14%.

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.