Raymond James Financial Inc. Takes $4.61 Million Position in TXO Partners, L.P. (NYSE:TXO)

Raymond James Financial Inc. acquired a new position in shares of TXO Partners, L.P. (NYSE:TXO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 273,674 shares of the company’s stock, valued at approximately $4,609,000.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of TXO Partners during the fourth quarter worth approximately $72,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of TXO Partners by 109.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock valued at $150,000 after acquiring an additional 4,664 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after acquiring an additional 5,831 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of TXO Partners by 28.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company’s stock valued at $842,000 after purchasing an additional 11,000 shares during the period. Finally, M&T Bank Corp bought a new position in shares of TXO Partners in the 4th quarter worth $253,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TXO Partners

In related news, CFO Brent W. Clum sold 7,702 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the transaction, the chief financial officer now directly owns 470,337 shares in the company, valued at approximately $8,743,564.83. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Adams III bought 14,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $16.93 per share, for a total transaction of $237,020.00. Following the purchase, the director now directly owns 92,784 shares in the company, valued at approximately $1,570,833.12. This represents a 17.77 % increase in their position. The disclosure for this purchase can be found here.

TXO Partners Trading Up 0.2 %

NYSE TXO opened at $19.70 on Wednesday. TXO Partners, L.P. has a 12 month low of $15.22 and a 12 month high of $23.56. The stock has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $18.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $811.01 million, a PE ratio of -3.32 and a beta of 0.13.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The company had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. Research analysts forecast that TXO Partners, L.P. will post 1.02 EPS for the current year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were issued a dividend of $0.61 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 12.39%. The ex-dividend date of this dividend was Friday, March 14th. TXO Partners’s dividend payout ratio (DPR) is 353.62%.

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.