Clear Street Derivatives LLC Invests $8.06 Million in TXO Partners, L.P. (NYSE:TXO)

Clear Street Derivatives LLC purchased a new stake in shares of TXO Partners, L.P. (NYSE:TXO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 407,420 shares of the company’s stock, valued at approximately $8,059,000. TXO Partners makes up about 0.1% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 13th largest position. Clear Street Derivatives LLC owned 1.00% of TXO Partners as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. grew its holdings in TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after acquiring an additional 19,241 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of TXO Partners during the third quarter valued at $559,000. PFG Investments LLC bought a new stake in TXO Partners during the 3rd quarter worth about $639,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of TXO Partners in the 3rd quarter valued at about $84,000. Institutional investors own 27.44% of the company’s stock.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $17.74 on Monday. 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 firm has a market cap of $725.74 million, a PE ratio of -2.99 and a beta of 0.11. The business’s 50 day simple moving average is $18.42. TXO Partners, L.P. has a one year low of $17.20 and a one year high of $23.56.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 13.08%. The ex-dividend date was Friday, November 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio (DPR) is presently -39.06%.

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.