Raymond James Financial Inc. Acquires Shares of 273,674 TXO Partners, L.P. (NYSE:TXO)

Raymond James Financial Inc. acquired a new position in TXO Partners, L.P. (NYSE:TXO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 273,674 shares of the company's stock, valued at approximately $4,609,000. Raymond James Financial Inc. owned approximately 0.67% of TXO Partners at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TXO. Wilmington Savings Fund Society FSB bought a new position in shares of TXO Partners in the 4th quarter valued at approximately $72,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of TXO Partners by 109.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company's stock worth $150,000 after buying an additional 4,664 shares during the last quarter. M&T Bank Corp bought a new stake in shares of TXO Partners during the 4th quarter worth $253,000. Virtu Financial LLC acquired a new position in TXO Partners in the 4th quarter valued at $339,000. Finally, Boston Partners bought a new position in TXO Partners in the 4th quarter worth $375,000. 27.44% of the stock is currently owned by institutional investors.

Insider Transactions at TXO Partners

In other news, CFO Brent W. Clum sold 7,702 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $143,180.18. Following the sale, the chief financial officer now owns 470,337 shares of the company's stock, valued at approximately $8,743,564.83. This represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott T. Agosta sold 5,775 shares of TXO Partners stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $107,357.25. Following the transaction, the chief accounting officer now directly owns 159,498 shares of the company's stock, valued at $2,965,067.82. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,994 shares of company stock valued at $851,882.

Analyst Ratings Changes

Separately, Stifel Nicolaus assumed 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 Stock Performance

NYSE TXO traded up $0.33 during trading on Thursday, hitting $16.93. The company's stock had a trading volume of 18,243 shares, compared to its average volume of 100,498. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The firm has a market cap of $696.97 million, a P/E ratio of -2.85 and a beta of 0.09. The firm has a 50 day moving average price of $18.28 and a 200 day moving average price of $17.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

TXO Partners (NYSE:TXO - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.13). The company had revenue of $83.68 million for the quarter, compared to analyst estimates of $83.68 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. Equities research analysts forecast that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from TXO Partners's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 14.41%. TXO Partners's dividend payout ratio (DPR) is 353.62%.

About TXO Partners

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.