Total Wealth Planning & Management Inc. Sells 14,055 Shares of TXO Partners LP $TXO

Total Wealth Planning & Management Inc. reduced its stake in TXO Partners LP (NYSE:TXO) by 15.1% during the second quarter, Holdings Channel.com reports. The firm owned 79,279 shares of the company’s stock after selling 14,055 shares during the quarter. TXO Partners accounts for approximately 0.9% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 22nd largest position. Total Wealth Planning & Management Inc.’s holdings in TXO Partners were worth $1,192,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TXO. CWA Asset Management Group LLC raised its holdings in TXO Partners by 29.1% in the 1st quarter. CWA Asset Management Group LLC now owns 50,124 shares of the company’s stock worth $960,000 after purchasing an additional 11,294 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in TXO Partners in the 1st quarter worth $216,000. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in TXO Partners by 28.2% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 27,250 shares of the company’s stock worth $522,000 after buying an additional 6,000 shares in the last quarter. CWM LLC purchased a new stake in TXO Partners in the 1st quarter worth $77,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in TXO Partners by 11.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 55,500 shares of the company’s stock worth $1,063,000 after buying an additional 5,500 shares in the last quarter. 27.44% of the stock is owned by institutional investors.

TXO Partners Trading Down 2.3%

TXO opened at $13.89 on Friday. The firm has a market cap of $760.95 million, a P/E ratio of 42.09 and a beta of 0.09. TXO Partners LP has a 12 month low of $13.27 and a 12 month high of $20.70. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $14.13 and a 200 day moving average of $15.39.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 13.0%. TXO Partners’s dividend payout ratio (DPR) is currently 545.45%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXO. Stifel Nicolaus increased their price target on TXO Partners from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of TXO Partners in a research note on Wednesday. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Raymond James Financial cut their price objective on TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, TXO Partners presently has a consensus rating of “Buy” and a consensus target price of $21.50.

TXO Partners 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.