Thurston Springer Miller Herd & Titak Inc. Grows Holdings in TXO Partners, L.P. (NYSE:TXO)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in TXO Partners, L.P. (NYSE:TXO) by 109.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,916 shares of the company’s stock after purchasing an additional 4,664 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in TXO Partners were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXO. CWA Asset Management Group LLC purchased a new stake in shares of TXO Partners in the 4th quarter valued at $654,000. Clear Street Derivatives LLC purchased a new stake in TXO Partners during the third quarter worth about $8,059,000. Pin Oak Investment Advisors Inc. lifted its position in shares of TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after purchasing an additional 19,241 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of TXO Partners by 13.9% in 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 during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners in the third quarter valued at approximately $559,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Insider Buying and Selling

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

TXO Partners Price Performance

TXO Partners stock opened at $18.84 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The firm has a market cap of $770.68 million, a PE ratio of -3.17 and a beta of 0.15. The company’s 50 day moving average is $16.88 and its two-hundred day moving average is $17.85.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 12.32%. TXO Partners’s dividend payout ratio (DPR) is -39.06%.

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.