TXO Partners, L.P. (NYSE:TXO) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its position in TXO Partners, L.P. (NYSE:TXO - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,059,828 shares of the company's stock after purchasing an additional 313,049 shares during the quarter. CIBC Private Wealth Group LLC owned about 2.59% of TXO Partners worth $17,795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. grew its position in shares of TXO Partners by 0.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 291,882 shares of the company's stock valued at $4,915,000 after purchasing an additional 821 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TXO Partners during the fourth quarter worth $72,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of TXO Partners by 109.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company's stock worth $150,000 after acquiring an additional 4,664 shares during the last quarter. Sei Investments Co. raised its holdings in shares of TXO Partners by 4.2% during the 4th quarter. Sei Investments Co. now owns 123,094 shares of the company's stock worth $2,073,000 after acquiring an additional 5,000 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in shares of 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 acquiring an additional 5,831 shares during the period. Hedge funds and other institutional investors own 27.44% of the company's stock.

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Insider Transactions at TXO Partners

In other TXO Partners news, CEO Gary D. Simpson sold 31,517 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $19.08, for a total transaction of $601,344.36. Following the completion of the transaction, the chief executive officer now owns 408,053 shares of the company's stock, valued at $7,785,651.24. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brent W. Clum sold 7,702 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the sale, the chief financial officer now directly owns 470,337 shares in the company, valued at $8,743,564.83. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,994 shares of company stock worth $851,882.

TXO Partners Trading Up 0.6 %

Shares of TXO traded up $0.11 during mid-day trading on Thursday, reaching $18.73. The stock had a trading volume of 116,979 shares, compared to its average volume of 96,247. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The business's fifty day moving average is $19.27 and its 200 day moving average is $18.07. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The firm has a market cap of $770.87 million, a price-to-earnings ratio of -3.15 and a beta of 0.09.

TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.13). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The firm had revenue of $83.68 million for the quarter, compared to analyst estimates of $83.68 million. On average, sell-side analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 13.03%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from TXO Partners's previous quarterly dividend of $0.58. TXO Partners's dividend payout ratio is 353.62%.

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.