TXO Partners, L.P. (NYSE:TXO) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in TXO Partners, L.P. (NYSE:TXO) by 109.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,916 shares of the company’s stock after purchasing an additional 4,664 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in TXO Partners were worth $150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of 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. Clear Street Derivatives LLC acquired a new stake in shares of TXO Partners in the third quarter valued at about $8,059,000. Westwood Holdings Group Inc. purchased a new stake in TXO Partners during the second quarter worth about $4,032,000. Sei Investments Co. acquired a new position in TXO Partners during the second quarter worth about $2,126,000. Finally, Hsbc Holdings PLC increased its holdings in 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 buying an additional 70,871 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

TXO Partners Price Performance

TXO stock opened at $18.84 on Friday. The firm has a 50 day moving average of $16.88 and a 200-day moving average of $17.85. The company has a market cap of $770.68 million, a price-to-earnings ratio of -3.17 and a beta of 0.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a 12-month low of $15.22 and a 12-month high of $23.56.

TXO Partners Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, November 15th. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a yield of 12.32%. TXO Partners’s payout ratio is currently -39.06%.

Insiders Place Their Bets

In other TXO Partners news, Director Keith A. Hutton acquired 60,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.04 per share, with a total value of $962,400.00. Following the purchase, the director now directly owns 4,100,215 shares in the company, valued at approximately $65,767,448.60. This trade represents a 1.49 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Adams III acquired 14,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought 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 in the company, 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. Over the last ninety days, insiders have bought 75,500 shares of company stock worth $1,223,690.

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.