TXO Partners LP (TXO) To Go Ex-Dividend on May 15th

TXO Partners LP (NYSE:TXO) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 15th will be paid a dividend of 0.36 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, May 15th. This is a 20.0% increase from TXO Partners’s previous quarterly dividend of $0.30.

TXO Partners has a payout ratio of 125.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TXO Partners to earn $0.97 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 148.5%.

TXO Partners Trading Up 3.1%

TXO Partners stock opened at $12.88 on Wednesday. TXO Partners has a 12-month low of $10.12 and a 12-month high of $17.90. The firm has a market capitalization of $711.71 million, a price-to-earnings ratio of -7.00 and a beta of 0.02. The firm has a 50 day moving average of $12.45 and a 200 day moving average of $12.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The firm had revenue of $28.28 million during the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, research analysts predict that TXO Partners will post 0.41 earnings per share for the current year.

Insider Transactions at TXO Partners

In other TXO Partners news, Director Bob R. Simpson bought 500,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $12.67 per share, for a total transaction of $6,335,000.00. Following the transaction, the director owned 7,500,000 shares of the company’s stock, valued at $95,025,000. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Adams III purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $12.41 per share, with a total value of $124,100.00. Following the acquisition, the director owned 128,951 shares in the company, valued at $1,600,281.91. The trade was a 8.41% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 760,000 shares of company stock worth $9,577,966.

Institutional Investors Weigh In On TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after acquiring an additional 1,303 shares during the period. State of Wyoming purchased a new stake in TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners in the fourth quarter worth $49,000. Arlington Trust Co LLC bought a new stake in shares of TXO Partners during the third quarter worth $56,000. Finally, CWM LLC lifted its position in shares of TXO Partners by 5,389.0% during the third quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.