Thurston Springer Miller Herd & Titak Inc. Decreases Stock Holdings in TXO Partners LP $TXO

Thurston Springer Miller Herd & Titak Inc. lowered its holdings in TXO Partners LP (NYSE:TXO) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,195 shares of the company’s stock after selling 59,679 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in TXO Partners were worth $45,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TXO. Energy Income Partners LLC boosted its position in TXO Partners by 8.7% during the 1st quarter. Energy Income Partners LLC now owns 783,614 shares of the company’s stock worth $15,014,000 after purchasing an additional 62,874 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of TXO Partners during the first quarter worth about $13,026,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in shares of TXO Partners by 307.7% in the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 530,000 shares of the company’s stock worth $7,971,000 after buying an additional 400,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of TXO Partners by 27.5% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 70,777 shares of the company’s stock valued at $1,064,000 after buying an additional 15,277 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of TXO Partners during the 2nd quarter valued at about $152,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of TXO Partners in a report on Monday. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Raymond James Financial lowered their price target on shares of TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Tuesday, September 9th. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Stifel Nicolaus cut their price objective on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

TXO Partners Stock Up 0.5%

Shares of NYSE:TXO opened at $11.15 on Thursday. The firm has a market cap of $610.74 million, a PE ratio of 27.87 and a beta of 0.08. The company has a fifty day simple moving average of $12.82 and a 200 day simple moving average of $14.01. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37. TXO Partners LP has a 12-month low of $10.63 and a 12-month high of $20.70.

TXO Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 12.6%. TXO Partners’s payout ratio is presently 350.00%.

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.