CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Lowers Stock Position in TXO Partners, L.P. (NYSE:TXO)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT cut its holdings in TXO Partners, L.P. (NYSE:TXO) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,630 shares of the company’s stock after selling 3,370 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.64% of TXO Partners worth $4,406,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TXO. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TXO Partners in the third quarter worth about $84,000. Glenmede Trust Co. NA grew its stake in shares of TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after buying an additional 5,831 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after buying an additional 19,241 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners during the third quarter valued at $559,000. Finally, Merit Financial Group LLC bought a new stake in TXO Partners in the fourth quarter worth $505,000. 27.44% of the stock is currently owned by institutional investors.

Insider Transactions at TXO Partners

In related news, Director William H. Adams III acquired 14,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $16.93 per share, with a total value of $237,020.00. Following the completion of the acquisition, the director now directly owns 92,784 shares of the company’s stock, valued at approximately $1,570,833.12. This trade represents a 17.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith A. Hutton bought 60,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $16.04 per share, with a total value of $962,400.00. Following the completion of the purchase, the director now owns 4,100,215 shares in the company, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 75,500 shares of company stock worth $1,223,690 over the last quarter.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $19.15 on Friday. The business has a fifty day moving average price of $17.65 and a 200-day moving average price of $17.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $783.22 million, a PE ratio of -3.22 and a beta of 0.15. TXO Partners, L.P. has a 1-year low of $15.22 and a 1-year high of $23.56.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The firm had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million. As a group, equities analysts expect that TXO Partners, L.P. will post 0.76 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a $0.58 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.12%. TXO Partners’s dividend payout ratio (DPR) is presently -39.06%.

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.