Stifel Financial Corp Reduces Stake in TXO Partners, L.P. (NYSE:TXO)

Stifel Financial Corp decreased its holdings in shares of TXO Partners, L.P. (NYSE:TXO) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,029 shares of the company’s stock after selling 11,518 shares during the quarter. Stifel Financial Corp owned approximately 0.26% of TXO Partners worth $2,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of TXO Partners during the 3rd quarter worth approximately $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in TXO Partners during the 3rd quarter worth $559,000. PFG Investments LLC purchased a new stake in TXO Partners in the third quarter valued at $639,000. Glenmede Trust Co. NA lifted its position in TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after acquiring an additional 5,831 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of TXO Partners during the second quarter worth about $2,126,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Stock Down 1.1 %

TXO opened at $15.89 on Friday. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56. 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 stock has a market capitalization of $650.11 million, a P/E ratio of -2.68 and a beta of 0.08. The business’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $18.34.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a $0.58 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.32 dividend on an annualized basis and a yield of 14.60%. This is a boost from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s payout ratio is currently -39.06%.

Insider Activity

In other TXO Partners news, Director Keith A. Hutton bought 60,000 shares of TXO Partners stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.04 per share, with a total value of $962,400.00. Following the completion of the acquisition, the director now owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. This represents a 1.49 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About TXO Partners

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.