Boston Partners Acquires Shares of 11,841 TXO Partners LP $TXO

Boston Partners acquired a new stake in TXO Partners LP (NYSE:TXO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,841 shares of the company’s stock, valued at approximately $178,000.

Several other hedge funds have also modified their holdings of the business. King Luther Capital Management Corp boosted its holdings in TXO Partners by 19.9% during the second quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock worth $46,200,000 after buying an additional 510,266 shares in the last quarter. Simplex Trading LLC purchased a new position in TXO Partners in the second quarter valued at about $198,000. Sanders Morris Harris LLC acquired a new stake in shares of TXO Partners during the 2nd quarter valued at approximately $1,799,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in TXO Partners by 560.6% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 180,000 shares of the company’s stock worth $2,707,000 after purchasing an additional 152,750 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of TXO Partners by 25.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company’s stock worth $229,000 after buying an additional 3,000 shares during the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Stock Performance

Shares of NYSE TXO opened at $12.47 on Tuesday. The company has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $14.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $683.11 million, a PE ratio of 31.18 and a beta of 0.08. TXO Partners LP has a 12 month low of $11.85 and a 12 month high of $20.70.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were issued a $0.35 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 11.2%. TXO Partners’s payout ratio is 350.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TXO shares. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Raymond James Financial reduced their price target on shares of TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Tuesday, September 9th. Stifel Nicolaus dropped their price objective on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of TXO Partners in a research report on Monday, November 24th. Finally, Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

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.