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

Clear Street Derivatives LLC bought a new stake in TXO Partners, L.P. (NYSE:TXO) during the 3rd quarter, HoldingsChannel reports. The firm 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 investment portfolio, making the stock its 13th largest position.

Other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners in the 3rd quarter valued at about $84,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in TXO Partners in the third quarter valued at approximately $559,000. PFG Investments LLC bought a new position in shares of TXO Partners during the 3rd quarter worth approximately $639,000. Silverleafe Capital Partners LLC acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $685,000. Finally, Glenmede Trust Co. NA increased its stake in shares of TXO Partners by 13.9% in the 3rd 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 in the last quarter. Institutional investors own 27.44% of the company’s stock.

TXO Partners Stock Up 0.2 %

TXO Partners stock opened at $17.74 on Monday. The firm has a market cap of $725.74 million, a P/E ratio of -2.99 and a beta of 0.11. TXO Partners, L.P. has a 12-month low of $17.20 and a 12-month high of $23.56. The company’s fifty day moving average is $18.42. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

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 issued a dividend of $0.58 per share. The ex-dividend date was Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 13.08%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio is currently -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.