27,380 Shares in TXO Partners, L.P. (NYSE:TXO) Acquired by Jane Street Group LLC

Jane Street Group LLC acquired a new stake in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,380 shares of the company's stock, valued at approximately $461,000. Jane Street Group LLC owned about 0.07% of TXO Partners at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of TXO Partners in the 4th quarter worth about $270,000. Raymond James Financial Inc. acquired a new position in shares of TXO Partners in the fourth quarter worth about $4,609,000. CIBC Private Wealth Group LLC boosted its holdings in shares of TXO Partners by 41.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,059,828 shares of the company's stock worth $17,795,000 after buying an additional 313,049 shares during the period. Sei Investments Co. boosted its holdings in shares of TXO Partners by 4.2% during the fourth quarter. Sei Investments Co. now owns 123,094 shares of the company's stock worth $2,073,000 after purchasing an additional 5,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth approximately $339,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Stock Performance

Shares of TXO traded down $0.10 during trading hours on Monday, reaching $14.86. 157,314 shares of the company traded hands, compared to its average volume of 127,685. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The stock's fifty day moving average is $16.73 and its 200 day moving average is $17.93. TXO Partners, L.P. has a 1-year low of $14.85 and a 1-year high of $22.39. The stock has a market cap of $614.73 million, a P/E ratio of -2.50 and a beta of 0.17.

TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.12). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The business had revenue of $84.33 million for the quarter, compared to the consensus estimate of $82.00 million. Equities research analysts anticipate that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

TXO Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 16.42%. The ex-dividend date of this dividend was Friday, May 16th. TXO Partners's dividend payout ratio (DPR) is currently 580.95%.

Insider Activity

In related news, Director Phillip R. Kevil acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $15.18 per share, for a total transaction of $45,540.00. Following the transaction, the director now directly owns 27,384 shares of the company's stock, valued at approximately $415,689.12. This trade represents a 12.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary D. Simpson sold 31,517 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total transaction of $601,344.36. Following the completion of the transaction, the chief executive officer now owns 408,053 shares of the company's stock, valued at $7,785,651.24. This trade represents a 7.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,473,000 shares of company stock worth $52,095,540.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus started coverage on shares of TXO Partners in a report on Wednesday, April 23rd. They set a "buy" rating and a $20.00 price target for the company.

TXO Partners Company 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.