CWA Asset Management Group LLC Buys Shares of 38,830 TXO Partners, L.P. (NYSE:TXO)

CWA Asset Management Group LLC purchased a new position in shares of TXO Partners, L.P. (NYSE:TXO) in the 4th quarter, HoldingsChannel reports. The firm purchased 38,830 shares of the company’s stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXO. Clear Street Derivatives LLC acquired a new stake in shares of TXO Partners during the third quarter worth $8,059,000. Pin Oak Investment Advisors Inc. boosted its position in TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after acquiring an additional 19,241 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in TXO Partners by 13.9% during the 3rd 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 period. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of TXO Partners in the 3rd quarter worth about $559,000. Finally, PFG Investments LLC acquired a new position in shares of TXO Partners in the 3rd quarter valued at about $639,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

Insider Activity

In other news, Director William H. Adams III bought 14,000 shares of TXO Partners stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the purchase, the director now directly owns 92,784 shares in the company, valued at approximately $1,570,833.12. This represents a 17.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Hutton bought 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $16.04 per share, with a total value of $962,400.00. Following the completion of the transaction, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. This represents a 1.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 75,500 shares of company stock worth $1,223,690 in the last quarter.

TXO Partners Stock Up 0.7 %

Shares of TXO Partners stock opened at $16.87 on Thursday. The firm has a market cap of $690.20 million, a price-to-earnings ratio of -2.84 and a beta of 0.15. The stock’s 50-day moving average is $16.68 and its 200 day moving average is $18.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.58 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 13.75%. TXO Partners’s dividend payout ratio (DPR) is -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.