Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Holdings in TXO Partners, L.P. (NYSE:TXO)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of TXO Partners, L.P. (NYSE:TXO) by 28.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the company’s stock after purchasing an additional 11,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned 0.12% of TXO Partners worth $842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXO. Sei Investments Co. purchased a new position in TXO Partners during the second quarter valued at $2,126,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in TXO Partners during the third quarter valued at $84,000. PFG Investments LLC purchased a new position in TXO Partners during the third quarter valued at $639,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners during the third quarter valued at $559,000. Finally, Glenmede Trust Co. NA lifted its holdings in TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TXO Partners news, Director Keith A. Hutton bought 60,000 shares of TXO Partners stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the transaction, the director now directly owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. This represents a 1.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Adams III bought 14,000 shares of TXO Partners stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $16.93 per share, with a total value of $237,020.00. Following the completion of the transaction, the director now directly owns 92,784 shares of the company’s stock, valued at approximately $1,570,833.12. The trade was a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 75,500 shares of company stock worth $1,223,690 over the last three months.

TXO Partners Stock Performance

TXO opened at $19.02 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The company has a market cap of $778.03 million, a price-to-earnings ratio of -3.20 and a beta of 0.15. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The firm’s fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $17.85.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. Equities analysts anticipate that TXO Partners, L.P. will post 0.76 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.20%. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, November 15th. TXO Partners’s dividend payout ratio is -39.06%.

TXO Partners Company 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.