TXO Energy Partners (NYSE:TXO) Stock Price Down 1.2%

TXO Energy Partners, L.P. (NYSE:TXO – Get Rating)’s stock price dropped 1.2% during mid-day trading on Friday . The stock traded as low as $22.84 and last traded at $23.02. Approximately 16,824 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 26,195 shares. The stock had previously closed at $23.31.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on TXO Energy Partners from $28.00 to $27.00 in a research report on Thursday, May 11th. Capital One Financial assumed coverage on TXO Energy Partners in a research report on Tuesday, February 21st. They set an “overweight” rating and a $35.00 price target for the company. Finally, Raymond James assumed coverage on TXO Energy Partners in a research report on Tuesday, February 21st. They set a “strong-buy” rating and a $34.00 price target for the company.

TXO Energy Partners Trading Down 1.3 %

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $22.33 and a 200-day moving average of $22.96.

TXO Energy Partners Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 19th.

Institutional Trading of TXO Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new position in TXO Energy Partners in the 1st quarter valued at approximately $4,379,000. Barclays PLC purchased a new position in TXO Energy Partners in the first quarter valued at about $5,303,000. Federated Hermes Inc. purchased a new position in TXO Energy Partners in the first quarter valued at about $601,000. American Century Companies Inc. purchased a new position in TXO Energy Partners in the first quarter valued at about $1,542,000. Finally, King Luther Capital Management Corp purchased a new stake in shares of TXO Energy Partners during the first quarter worth about $59,544,000.

About TXO Energy Partners

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TXO Energy Partners L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas and natural gas liquid reserves principally in North America. TXO Energy Partners L.P. is based in FORT WORTH, Texas.