Hsbc Holdings PLC Invests $2.69 Million in TXO Partners, L.P. (NYSE:TXO)

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

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

TXO Partners Price Performance

TXO stock opened at $20.53 on Friday. TXO Partners, L.P. has a 52 week low of $17.20 and a 52 week high of $23.56. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $20.84 and a two-hundred day simple moving average of $19.08. The firm has a market capitalization of $635.20 million, a P/E ratio of -3.51 and a beta of 0.10.

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

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.66%. The ex-dividend date was Friday, May 17th. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s dividend payout ratio (DPR) is currently -44.44%.

Insider Buying and Selling

In related news, Director Luther King, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $21.24, for a total value of $212,400.00. Following the transaction, the director now owns 2,561,530 shares of the company’s stock, valued at approximately $54,406,897.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other TXO Partners news, major shareholder Global Endowment Management, L sold 41,978 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.03, for a total transaction of $756,863.34. Following the transaction, the insider now owns 1,089,868 shares of the company’s stock, valued at approximately $19,650,320.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Luther King, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $21.24, for a total transaction of $212,400.00. Following the transaction, the director now directly owns 2,561,530 shares in the company, valued at approximately $54,406,897.20. The disclosure for this sale can be found here. Insiders have sold 137,878 shares of company stock valued at $2,583,684 in the last 90 days.

TXO Partners Company 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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