150,000 Shares in TXO Partners, L.P. (NYSE:TXO) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of TXO Partners, L.P. (NYSE:TXOFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $2,685,000. Hsbc Holdings PLC owned about 0.49% of TXO Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXO. Raymond James Financial Services Advisors Inc. grew its position in shares of TXO Partners by 418.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock valued at $958,000 after buying an additional 42,533 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of TXO Partners in the 4th quarter valued at about $690,000. Finally, King Luther Capital Management Corp grew its position in shares of TXO Partners by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock valued at $47,114,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

Insider Activity at TXO Partners

In related news, major shareholder Global Endowment Management, L sold 51,752 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $18.39, for a total transaction of $951,719.28. Following the sale, the insider now owns 1,120,778 shares in the company, valued at approximately $20,611,107.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Global Endowment Management, L sold 51,752 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $18.39, for a total transaction of $951,719.28. Following the sale, the insider now owns 1,120,778 shares in the company, valued at approximately $20,611,107.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Luther King, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.20, for a total value of $222,000.00. Following the transaction, the director now directly owns 2,581,530 shares in the company, valued at $57,309,966. The disclosure for this sale can be found here. Insiders have sold a total of 137,878 shares of company stock worth $2,583,684 in the last 90 days.

TXO Partners Trading Up 2.9 %

NYSE TXO opened at $20.53 on Friday. The business’s 50-day moving average price is $20.84 and its two-hundred day moving average price is $19.08. TXO Partners, L.P. has a 12 month low of $17.20 and a 12 month high of $23.56. The firm has a market capitalization of $635.20 million, a PE ratio of -3.51 and a beta of 0.10. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.06.

TXO Partners (NYSE:TXOGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. TXO Partners had a positive return on equity of 7.94% and a negative net margin of 61.27%. The firm had revenue of $67.44 million for the quarter, compared to analyst estimates of $65.24 million. On average, analysts expect that TXO Partners, L.P. will post 1.28 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were given a dividend of $0.65 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.60 annualized dividend and a dividend yield of 12.66%. TXO Partners’s dividend payout ratio is presently -44.44%.

TXO Partners Profile

(Free Report)

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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Institutional Ownership by Quarter for TXO Partners (NYSE:TXO)

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