Jane Street Group LLC Takes $461,000 Position in TXO Partners, L.P. (NYSE:TXO)

Jane Street Group LLC acquired a new position in TXO Partners, L.P. (NYSE:TXO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,380 shares of the company's stock, valued at approximately $461,000. Jane Street Group LLC owned approximately 0.07% of TXO Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of TXO Partners in the 4th quarter worth approximately $72,000. M&T Bank Corp purchased a new stake in TXO Partners during the fourth quarter worth $253,000. XTX Topco Ltd acquired a new stake in TXO Partners in the fourth quarter valued at $270,000. Virtu Financial LLC acquired a new stake in TXO Partners in the fourth quarter valued at $339,000. Finally, Boston Partners purchased a new position in shares of TXO Partners in the fourth quarter valued at $375,000. Institutional investors and hedge funds own 27.44% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus initiated coverage on shares of TXO Partners in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $20.00 price objective on the stock.

TXO Partners Price Performance

Shares of NYSE TXO traded down $0.06 on Wednesday, hitting $14.99. The company's stock had a trading volume of 164,924 shares, compared to its average volume of 129,427. The stock has a 50 day moving average of $16.55 and a 200-day moving average of $17.91. The company has a market capitalization of $620.11 million, a price-to-earnings ratio of -2.52 and a beta of 0.17. TXO Partners, L.P. has a 12-month low of $14.85 and a 12-month high of $22.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02.

TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $84.33 million for the quarter, compared to analyst estimates of $82.00 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. As a group, research analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current year.

TXO Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 16.28%. TXO Partners's dividend payout ratio is currently 580.95%.

Insider Activity at TXO Partners

In other news, insider Luther King, Jr. purchased 500,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $7,500,000.00. Following the completion of the acquisition, the insider now directly owns 3,061,530 shares in the company, valued at $45,922,950. This represents a 19.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bob R. Simpson acquired 2,250,000 shares of TXO Partners stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $33,750,000.00. Following the purchase, the director now directly owns 6,750,000 shares of the company's stock, valued at approximately $101,250,000. This trade represents a 50.00% increase in their position. 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 quarter.

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.