CWA Asset Management Group LLC Has $154,000 Holdings in TXO Partners LP $TXO

CWA Asset Management Group LLC decreased its holdings in shares of TXO Partners LP (NYSE:TXO) by 79.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,437 shares of the company’s stock after selling 57,348 shares during the quarter. CWA Asset Management Group LLC’s holdings in TXO Partners were worth $154,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TXO. CIBC Private Wealth Group LLC increased its stake in TXO Partners by 3.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,807,967 shares of the company’s stock valued at $25,402,000 after buying an additional 52,903 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of TXO Partners during the 3rd quarter worth about $25,402,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of TXO Partners by 39.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 382,702 shares of the company’s stock worth $5,377,000 after buying an additional 107,724 shares during the last quarter. Cannell & Spears LLC acquired a new position in shares of TXO Partners during the 3rd quarter worth about $795,000. Finally, Raymond James Financial Inc. boosted its stake in shares of TXO Partners by 2.0% during the 3rd quarter. Raymond James Financial Inc. now owns 311,151 shares of the company’s stock worth $4,372,000 after buying an additional 6,171 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

TXO has been the topic of a number of recent research reports. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Raymond James Financial set a $18.00 price target on TXO Partners in a research report on Tuesday, January 27th. Weiss Ratings lowered TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus upped their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Price Performance

Shares of NYSE TXO opened at $12.88 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $12.23 and its two-hundred day moving average price is $12.50. The company has a market cap of $711.38 million, a PE ratio of -29.95 and a beta of 0.10. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $19.84.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.03%. The business had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. On average, analysts predict that TXO Partners LP will post 1.02 EPS for the current year.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 annualized dividend and a yield of 9.3%. TXO Partners’s dividend payout ratio (DPR) is currently -279.07%.

Insider Buying and Selling at TXO Partners

In other news, CEO Brent W. Clum sold 19,571 shares of the firm’s stock in a transaction dated Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $236,221.97. Following the completion of the sale, the chief executive officer owned 827,574 shares in the company, valued at approximately $9,988,818.18. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Simpson sold 8,126 shares of the firm’s stock in a transaction dated Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $98,080.82. Following the sale, the chief executive officer owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. This represents a 1.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,386 shares of company stock valued at $463,319 in the last quarter.

TXO Partners Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.