TXO Partners LP (TXO) To Go Ex-Dividend on March 10th

TXO Partners LP (NYSE:TXO) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.30 per share on Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, March 10th.

TXO Partners has a payout ratio of 104.3% 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 should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 62.8%.

TXO Partners Stock Performance

Shares of TXO Partners stock opened at $12.68 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $700.44 million, a price-to-earnings ratio of -29.49 and a beta of 0.10. The stock’s 50-day moving average is $11.73 and its 200-day moving average is $12.62. TXO Partners has a one year low of $10.12 and a one year high of $20.24.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%.The firm had revenue of $125.93 million for the quarter, compared to the consensus estimate of $111.09 million. Equities analysts predict that TXO Partners will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at TXO Partners

In other TXO Partners news, CAO Scott T. Agosta sold 10,689 shares of the business’s stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the transaction, the chief accounting officer owned 205,474 shares of the company’s stock, valued at $2,480,071.18. The trade was a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Simpson sold 8,126 shares of the stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $98,080.82. Following the completion of the sale, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. The trade was a 1.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 38,386 shares of company stock worth $463,319 over the last ninety days.

Institutional Trading of TXO Partners

A number of large investors have recently added to or reduced their stakes in TXO. King Luther Capital Management Corp grew its position in shares of TXO Partners by 19.9% in the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock valued at $46,200,000 after acquiring an additional 510,266 shares during the period. Global Endowment Management LP raised its holdings in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after purchasing an additional 952,257 shares during the period. CIBC Private Wealth Group LLC lifted its stake in TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after purchasing an additional 226,600 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in TXO Partners in the 3rd quarter valued at about $25,402,000. Finally, American Century Companies Inc. grew its holdings in TXO Partners by 40.7% during the second quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock worth $22,418,000 after purchasing an additional 431,234 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.