TXO Partners, L.P. (NYSE:TXO) Short Interest Update

TXO Partners, L.P. (NYSE:TXO) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 15,400 shares, a drop of 35.3% from the September 30th total of 23,800 shares. Based on an average daily volume of 72,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

TXO Partners Trading Down 0.2 %

Shares of TXO Partners stock traded down $0.03 during trading on Friday, hitting $19.26. 57,700 shares of the stock traded hands, compared to its average volume of 67,380. The stock has a market cap of $595.87 million, a price-to-earnings ratio of -3.29 and a beta of 0.05. The company has a current ratio of 3.27, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. TXO Partners has a 52-week low of $17.20 and a 52-week high of $23.56. The firm’s fifty day moving average is $19.20.

TXO Partners (NYSE:TXO) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.10). The firm had revenue of $57.31 million during the quarter, compared to analyst estimates of $63.77 million. TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%. As a group, equities analysts expect that TXO Partners will post 0.88 EPS for the current year.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th were issued a $0.57 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.84%. TXO Partners’s dividend payout ratio is currently -38.97%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in TXO Partners in the third quarter valued at $84,000. PFG Investments LLC acquired a new position in TXO Partners during the third quarter worth about $639,000. Silverleafe Capital Partners LLC acquired a new position in TXO Partners in the 2nd quarter valued at about $685,000. Hsbc Holdings PLC boosted its holdings in TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock valued at $3,020,000 after purchasing an additional 70,871 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in TXO Partners by 43.4% in the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after purchasing an additional 70,918 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.