Cambridge Investment Research Advisors Inc. Takes Position in TXO Partners LP (NYSE:TXO)

Cambridge Investment Research Advisors Inc. bought a new stake in TXO Partners LP (NYSE:TXO) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,278 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp bought a new position in TXO Partners during the 4th quarter valued at approximately $253,000. XTX Topco Ltd bought a new position in TXO Partners during the 4th quarter valued at approximately $270,000. Virtu Financial LLC bought a new position in TXO Partners during the 4th quarter valued at approximately $339,000. Boston Partners bought a new position in TXO Partners during the 4th quarter valued at approximately $375,000. Finally, Jane Street Group LLC bought a new position in TXO Partners during the 4th quarter valued at approximately $461,000. Institutional investors own 27.44% of the company’s stock.

TXO Partners Stock Up 0.4%

Shares of NYSE:TXO opened at $15.12 on Monday. TXO Partners LP has a 52-week low of $14.78 and a 52-week high of $21.40. The firm has a market capitalization of $625.51 million, a P/E ratio of 36.00 and a beta of 0.09. The stock has a 50 day moving average price of $15.51 and a 200-day moving average price of $17.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.00.

TXO Partners (NYSE:TXO) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). TXO Partners had a return on equity of 3.89% and a net margin of 5.22%. The firm had revenue of $84.33 million during the quarter, compared to the consensus estimate of $82.00 million. As a group, equities research analysts anticipate that TXO Partners LP will post 1.02 EPS for the current fiscal year.

TXO Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 16.14%. The ex-dividend date was Friday, May 16th. TXO Partners’s payout ratio is currently 580.95%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus initiated coverage on TXO Partners in a research report on Wednesday, April 23rd. They set a “buy” rating and a $20.00 price target for the company.

Insider Buying and Selling at TXO Partners

In other TXO Partners news, Director Phillip R. Kevil acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $15.18 per share, with a total value of $45,540.00. Following the completion of the purchase, the director directly owned 27,384 shares of the company’s stock, valued at approximately $415,689.12. The trade was a 12.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Hutton purchased 700,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $15.00 per share, for a total transaction of $10,500,000.00. Following the purchase, the director directly owned 4,820,215 shares in the company, valued at $72,303,225. The trade was a 16.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,473,000 shares of company stock valued at $52,095,540 over the last three months.

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.