Glenmede Trust Co. NA Purchases 5,831 Shares of TXO Partners, L.P. (NYSE:TXO)

Glenmede Trust Co. NA grew its position in TXO Partners, L.P. (NYSE:TXO) by 13.9% during the third quarter, HoldingsChannel.com reports. The fund owned 47,678 shares of the company’s stock after acquiring an additional 5,831 shares during the quarter. Glenmede Trust Co. NA’s holdings in TXO Partners were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TXO. Raymond James & Associates grew its holdings in shares of TXO Partners by 43.4% in the second quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock valued at $4,727,000 after purchasing an additional 70,918 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new position in shares of TXO Partners in the 2nd quarter worth $685,000. American Century Companies Inc. grew its position in TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company’s stock worth $20,682,000 after acquiring an additional 942,295 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after purchasing an additional 70,871 shares during the period. Finally, Sei Investments Co. purchased a new position in TXO Partners during the second quarter worth $2,126,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

TXO Partners Trading Down 0.7 %

TXO stock opened at $17.61 on Tuesday. The firm’s fifty day simple moving average is $18.36 and its two-hundred day simple moving average is $18.82. The stock has a market capitalization of $720.43 million, a price-to-earnings ratio of -2.96 and a beta of 0.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a twelve month low of $17.20 and a twelve month high of $23.56.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a $0.58 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 13.17%. The ex-dividend date was Friday, November 15th. TXO Partners’s dividend payout ratio is -39.06%.

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.