Total Wealth Planning & Management Inc. Buys Shares of 90,060 TXO Partners, L.P. (NYSE:TXO)

Total Wealth Planning & Management Inc. bought a new stake in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) in the fourth quarter, according to its most recent 13F 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 1.4% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 13th biggest position. Total Wealth Planning & Management Inc. owned 0.22% of TXO Partners at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TXO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of TXO Partners by 28.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company's stock worth $842,000 after buying an additional 11,000 shares in the last quarter. Childress Capital Advisors LLC purchased a new position in TXO Partners in the fourth quarter worth approximately $423,000. Wilmington Savings Fund Society FSB acquired a new position in TXO Partners during the 4th quarter worth approximately $72,000. M&T Bank Corp acquired a new position in TXO Partners during the 4th quarter worth approximately $253,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of TXO Partners in the 4th quarter valued at approximately $4,609,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Stock Performance

TXO Partners stock traded down $0.13 during midday trading on Friday, hitting $14.96. 345,117 shares of the company's stock were exchanged, compared to its average volume of 127,005. 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 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. The firm's 50 day simple moving average is $16.82 and its 200 day simple moving average is $17.93.

TXO Partners (NYSE:TXO - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $84.33 million for the quarter, compared to analysts' expectations of $82.00 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. Equities research analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current year.

TXO Partners Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Gary D. Simpson sold 31,517 shares of TXO Partners stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $19.08, for a total value of $601,344.36. Following the transaction, the chief executive officer now owns 408,053 shares in the company, valued at approximately $7,785,651.24. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bob R. Simpson acquired 2,250,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $15.00 per share, with a total value of $33,750,000.00. Following the transaction, the director now directly owns 6,750,000 shares of the company's stock, valued at approximately $101,250,000. This represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,473,000 shares of company stock worth $52,095,540 in the last three months.

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.