Total Wealth Planning & Management Inc. Invests $1.52 Million in TXO Partners, L.P. (NYSE:TXO)

Total Wealth Planning & Management Inc. bought a new position in TXO Partners, L.P. (NYSE:TXO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 90,060 shares of the company's stock, valued at approximately $1,517,000. TXO Partners accounts for about 1.4% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 13th biggest position. Total Wealth Planning & Management Inc. owned about 0.22% of TXO Partners at the end of the most recent quarter.

Several other institutional investors have 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 fourth quarter worth $72,000. M&T Bank Corp bought a new position in shares of TXO Partners during the 4th quarter worth about $253,000. XTX Topco Ltd acquired a new position in shares of TXO Partners during the fourth quarter valued at about $270,000. Virtu Financial LLC bought a new stake in shares of TXO Partners in the fourth quarter valued at about $339,000. Finally, Boston Partners acquired a new stake in TXO Partners during the fourth quarter worth about $375,000. Institutional investors own 27.44% of the company's stock.

Insider Buying and Selling at TXO Partners

In related news, insider Luther King, Jr. acquired 500,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $7,500,000.00. Following the completion of the purchase, the insider now directly owns 3,061,530 shares of the company's stock, valued at $45,922,950. The trade was a 19.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bob R. Simpson bought 2,250,000 shares of TXO Partners stock in a transaction dated Thursday, May 15th. The stock was purchased at an average price 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 in the company, valued at $101,250,000. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,473,000 shares of company stock valued at $52,095,540.

Analyst Upgrades and Downgrades

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

TXO Partners Stock Performance

Shares of TXO traded down $0.13 on Friday, reaching $14.96. 345,117 shares of the stock traded hands, compared to its average volume of 127,176. The stock's 50-day moving average price is $16.73 and its 200-day moving average price is $17.92. 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 firm has a market cap of $618.87 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.

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

TXO Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 16.31%. The ex-dividend date of this dividend was Friday, May 16th. TXO Partners's dividend payout ratio is 580.95%.

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.