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

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

Several other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in TXO Partners during the 3rd quarter worth approximately $84,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of TXO Partners in the third quarter worth $559,000. PFG Investments LLC acquired a new stake in TXO Partners in the third quarter valued at $639,000. Silverleafe Capital Partners LLC acquired a new stake in TXO Partners in the second quarter valued at $685,000. Finally, Glenmede Trust Co. NA raised its position 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 purchasing an additional 5,831 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

TXO Partners Trading Up 0.2 %

NYSE TXO opened at $17.74 on Monday. The company has a market cap of $725.74 million, a price-to-earnings ratio of -2.99 and a beta of 0.11. The company has a 50-day moving average of $18.42. 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 12 month low of $17.20 and a 12 month high of $23.56.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were paid a $0.58 dividend. This is a positive change 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%. The ex-dividend date was Friday, November 15th. TXO Partners’s payout ratio is currently -39.06%.

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.