Hsbc Holdings PLC Makes New Investment in TXO Partners, L.P. (NYSE:TXO)

Hsbc Holdings PLC purchased a new position in shares of TXO Partners, L.P. (NYSE:TXOFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $2,685,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. King Luther Capital Management Corp raised its stake in shares of TXO Partners by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock worth $47,114,000 after buying an additional 15,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of TXO Partners by 418.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock worth $958,000 after buying an additional 42,533 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of TXO Partners during the 4th quarter worth $690,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

Insider Activity at TXO Partners

In related news, major shareholder Global Endowment Management, L sold 41,978 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.03, for a total value of $756,863.34. Following the completion of the transaction, the insider now owns 1,089,868 shares of the company’s stock, valued at approximately $19,650,320.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Luther King, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $21.24, for a total value of $212,400.00. Following the completion of the transaction, the director now owns 2,561,530 shares of the company’s stock, valued at approximately $54,406,897.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Global Endowment Management, L sold 41,978 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.03, for a total transaction of $756,863.34. Following the transaction, the insider now directly owns 1,089,868 shares of the company’s stock, valued at approximately $19,650,320.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,878 shares of company stock valued at $2,583,684.

TXO Partners Trading Up 2.9 %

NYSE:TXO opened at $20.53 on Friday. The company has a market capitalization of $635.20 million, a PE ratio of -3.51 and a beta of 0.10. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. TXO Partners, L.P. has a 52-week low of $17.20 and a 52-week high of $23.56. The stock has a fifty day simple moving average of $20.84 and a 200-day simple moving average of $19.08.

TXO Partners (NYSE:TXOGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.24 million. TXO Partners had a positive return on equity of 7.94% and a negative net margin of 61.27%. On average, equities research analysts expect that TXO Partners, L.P. will post 1.28 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 20th were paid a $0.65 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, May 17th. This represents a $2.60 annualized dividend and a yield of 12.66%. TXO Partners’s payout ratio is presently -44.44%.

TXO Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TXO Partners (NYSE:TXO)

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