Apollon Wealth Management LLC acquired a new stake in shares of TXO Partners LP (NYSE:TXO – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,098 shares of the company’s stock, valued at approximately $152,000.
Several other institutional investors also recently bought and sold shares of the business. Energy Income Partners LLC increased its holdings in TXO Partners by 8.7% during the first quarter. Energy Income Partners LLC now owns 783,614 shares of the company’s stock valued at $15,014,000 after buying an additional 62,874 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of TXO Partners in the 1st quarter worth $13,026,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in shares of TXO Partners by 307.7% in the 2nd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 530,000 shares of the company’s stock worth $7,971,000 after purchasing an additional 400,000 shares in the last quarter. Total Wealth Planning & Management Inc. boosted its position in shares of TXO Partners by 3.6% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 93,334 shares of the company’s stock worth $1,788,000 after purchasing an additional 3,274 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of TXO Partners by 27.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 70,777 shares of the company’s stock worth $1,064,000 after purchasing an additional 15,277 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.
TXO Partners Price Performance
NYSE TXO opened at $12.86 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average price is $13.90 and its 200 day moving average price is $15.08. TXO Partners LP has a 1 year low of $12.61 and a 1 year high of $20.70. The company has a market cap of $704.36 million, a price-to-earnings ratio of 38.96 and a beta of 0.09.
TXO Partners Cuts Dividend
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on TXO Partners from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Raymond James Financial lowered 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. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TXO Partners in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $21.50.
Check Out Our Latest Stock Analysis on TXO
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.
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