TXO Partners, L.P. (NYSE:TXO) Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in TXO Partners, L.P. (NYSE:TXO) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 296,000 shares of the company’s stock after selling 33,500 shares during the quarter. TXO Partners accounts for about 0.5% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 26th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.96% of TXO Partners worth $5,381,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Raymond James & Associates increased its stake in TXO Partners by 1.3% during the 3rd quarter. Raymond James & Associates now owns 259,653 shares of the company’s stock worth $5,274,000 after buying an additional 3,331 shares in the last quarter. American Century Companies Inc. increased its stake in TXO Partners by 34.9% during the 3rd quarter. American Century Companies Inc. now owns 73,335 shares of the company’s stock worth $1,489,000 after buying an additional 18,974 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in TXO Partners during the 1st quarter worth approximately $1,387,000. Raymond James Financial Services Advisors Inc. grew its position in shares of TXO Partners by 418.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock valued at $958,000 after purchasing an additional 42,533 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of TXO Partners by 46.4% in the third quarter. Stifel Financial Corp now owns 41,835 shares of the company’s stock valued at $850,000 after purchasing an additional 13,260 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

TXO has been the subject of a number of analyst reports. Raymond James dropped their price target on TXO Partners from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Stifel Nicolaus lowered their price objective on TXO Partners from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

TXO Partners Trading Down 0.1 %

NYSE:TXO traded down $0.01 during trading hours on Wednesday, reaching $17.60. 71,342 shares of the stock were exchanged, compared to its average volume of 40,044. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $18.02 and a two-hundred day moving average of $18.30. TXO Partners, L.P. has a twelve month low of $17.20 and a twelve month high of $24.99. The company has a market capitalization of $541.20 million, a price-to-earnings ratio of -5.30 and a beta of -0.14.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.72. TXO Partners had a positive return on equity of 6.89% and a negative net margin of 27.31%. The company had revenue of $91.97 million for the quarter, compared to analysts’ expectations of $70.76 million. On average, equities analysts predict that TXO Partners, L.P. will post 1.15 EPS for the current year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.58 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.52. This represents a $2.32 annualized dividend and a dividend yield of 13.18%. The ex-dividend date is Thursday, March 14th. TXO Partners’s dividend payout ratio (DPR) is presently -69.88%.

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.