Clear Street Derivatives LLC Acquires New Holdings in TXO Partners, L.P. (NYSE:TXO)

Clear Street Derivatives LLC bought a new position in shares of TXO Partners, L.P. (NYSE:TXO) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 407,420 shares of the company’s stock, valued at approximately $8,059,000. TXO Partners makes up 0.1% of Clear Street Derivatives LLC’s holdings, making the stock its 13th largest position.

Other hedge funds have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its position in shares of TXO Partners by 7.1% during the third 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 in the last quarter. Glenmede Trust Co. NA boosted its stake in TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after purchasing an additional 5,831 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of TXO Partners in the 3rd quarter valued at about $559,000. PFG Investments LLC bought a new stake in shares of TXO Partners in the third quarter valued at about $639,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners during the third quarter worth about $84,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

TXO Partners Stock Performance

NYSE:TXO opened at $17.74 on Monday. The company has a market capitalization of $725.74 million, a P/E ratio of -2.99 and a beta of 0.11. The stock’s 50-day moving average price is $18.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. TXO Partners, L.P. has a 52-week low of $17.20 and a 52-week high of $23.56.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.08%. 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.