TXO Partners, L.P. (NYSE:TXO) Shares Purchased by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. lifted its position in shares of TXO Partners, L.P. (NYSE:TXO) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,061 shares of the company’s stock after purchasing an additional 19,241 shares during the quarter. TXO Partners accounts for 5.2% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 3rd largest position. Pin Oak Investment Advisors Inc.’s holdings in TXO Partners were worth $5,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates increased its stake in TXO Partners by 43.4% during the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after purchasing an additional 70,918 shares in the last quarter. Silverleafe Capital Partners LLC acquired a new position in TXO Partners in the 2nd quarter worth $685,000. American Century Companies Inc. increased its holdings in TXO Partners by 1,127.0% during the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after purchasing an additional 942,295 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TXO Partners by 89.6% in the second 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 in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of TXO Partners during the second quarter worth about $2,126,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

TXO Partners Stock Up 0.1 %

Shares of TXO Partners stock opened at $17.70 on Thursday. TXO Partners, L.P. has a 52-week low of $17.20 and a 52-week high of $23.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $18.90. The firm has a market cap of $724.11 million, a PE ratio of -2.98 and a beta of 0.11.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a dividend of $0.58 per share. 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. This represents a $2.32 annualized dividend and a yield of 13.11%. TXO Partners’s dividend payout ratio is presently -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.