TXO Partners LP $TXO is Clear Street Derivatives LLC’s 2nd Largest Position

Clear Street Derivatives LLC cut its stake in shares of TXO Partners LP (NYSE:TXO) by 28.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,745 shares of the company’s stock after selling 105,312 shares during the period. TXO Partners accounts for about 34.7% of Clear Street Derivatives LLC’s portfolio, making the stock its 2nd biggest position. Clear Street Derivatives LLC owned about 0.64% of TXO Partners worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Apollon Wealth Management LLC bought a new position in TXO Partners during the 2nd quarter valued at about $152,000. Boston Partners purchased a new stake in shares of TXO Partners during the second quarter valued at $178,000. Atria Wealth Solutions Inc. bought a new position in shares of TXO Partners in the first quarter worth about $230,000. Simplex Trading LLC bought a new position in shares of TXO Partners in the second quarter worth about $198,000. Finally, M&T Bank Corp increased its stake in TXO Partners by 33.3% in the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after buying an additional 5,000 shares during the period. 27.44% of the stock is owned by institutional investors.

TXO Partners Stock Performance

Shares of NYSE:TXO opened at $12.50 on Friday. The firm has a 50 day moving average of $13.23 and a 200 day moving average of $14.20. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $684.48 million, a price-to-earnings ratio of 31.24 and a beta of 0.08. TXO Partners LP has a 52 week low of $11.85 and a 52 week high of $20.70.

TXO Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Friday, November 14th. TXO Partners’s dividend payout ratio is 350.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Stifel Nicolaus lowered their price target on TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of TXO Partners in a research note on Monday, December 1st. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Raymond James Financial lowered their target price on TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

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.