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

Stifel Financial Corp cut its position in TXO Partners, L.P. (NYSE:TXO) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,029 shares of the company’s stock after selling 11,518 shares during the quarter. Stifel Financial Corp owned 0.26% of TXO Partners worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its position in TXO Partners by 43.4% in the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after buying an additional 70,918 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of TXO Partners by 13.9% in 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 in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners in the third quarter valued at about $559,000. PFG Investments LLC acquired a new stake in TXO Partners during the 3rd quarter valued at approximately $639,000. Finally, Hsbc Holdings PLC increased its holdings in TXO Partners by 89.6% during the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after purchasing an additional 70,871 shares during the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Keith A. Hutton acquired 60,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the purchase, the director now directly owns 4,100,215 shares of the company’s stock, valued at $65,767,448.60. This represents a 1.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Stock Performance

Shares of TXO opened at $15.89 on Friday. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm has a market cap of $650.11 million, a price-to-earnings ratio of -2.68 and a beta of 0.08. The business’s 50 day moving average is $17.24 and its two-hundred day moving average is $18.34.

TXO Partners Increases Dividend

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

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.