XTX Topco Ltd Buys Shares of 16,022 TXO Partners, L.P. (NYSE:TXO)

XTX Topco Ltd purchased a new position in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,022 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors have also modified their holdings of TXO. CIBC Private Wealth Group LLC increased its holdings in 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 valued at $17,795,000 after buying an additional 313,049 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TXO Partners in the 4th quarter valued at about $4,609,000. CWA Asset Management Group LLC acquired a new position in TXO Partners in the 4th quarter worth about $654,000. Merit Financial Group LLC purchased a new position in TXO Partners during the fourth quarter worth approximately $505,000. Finally, Childress Capital Advisors LLC acquired a new stake in TXO Partners in the fourth quarter valued at approximately $423,000. Hedge funds and other institutional investors own 27.44% of the company's stock.

TXO Partners Price Performance

TXO traded up $0.40 during midday trading on Thursday, hitting $17.00. 18,243 shares of the company traded hands, compared to its average volume of 100,508. The business has a 50 day simple moving average of $18.28 and a two-hundred day simple moving average of $17.99. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The company has a market capitalization of $699.81 million, a price-to-earnings ratio of -2.85 and a beta of 0.09. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.13). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The company had revenue of $83.68 million during the quarter, compared to analysts' expectations of $83.68 million. On average, equities 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 declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were paid a $0.61 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from TXO Partners's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 14.35%. TXO Partners's payout ratio is currently 353.62%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Scott T. Agosta sold 5,775 shares of the business's 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 in the company, valued at approximately $2,965,067.82. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brent W. Clum sold 7,702 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the sale, the chief financial officer now owns 470,337 shares of the company's stock, valued at approximately $8,743,564.83. The trade was a 1.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,994 shares of company stock worth $851,882.

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.