TXO Partners LP $TXO Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in shares of TXO Partners LP (NYSE:TXO) by 25.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in TXO Partners were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TXO. CWM LLC acquired a new position in TXO Partners during the 1st quarter valued at about $77,000. Apollon Wealth Management LLC acquired a new position in shares of TXO Partners in the second quarter valued at about $152,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of TXO Partners in the first quarter valued at about $216,000. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of TXO Partners by 28.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 27,250 shares of the company’s stock valued at $522,000 after purchasing an additional 6,000 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of TXO Partners in the second quarter valued at about $946,000. 27.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Raymond James Financial lowered their price target on TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, September 9th. Stifel Nicolaus lowered their price target on TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of TXO Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $20.50.

TXO Partners Trading Up 2.8%

NYSE:TXO opened at $13.08 on Thursday. The business’s 50-day moving average is $13.81 and its two-hundred day moving average is $15.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. TXO Partners LP has a 12 month low of $12.61 and a 12 month high of $20.70. The firm has a market capitalization of $716.25 million, a PE ratio of 39.62 and a beta of 0.09.

TXO Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date was Friday, August 15th. TXO Partners’s dividend payout ratio (DPR) is 545.45%.

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.