Wilmington Savings Fund Society FSB Makes New Investment in TXO Partners, L.P. (NYSE:TXO)

Wilmington Savings Fund Society FSB acquired a new position in TXO Partners, L.P. (NYSE:TXO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,265 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PFG Investments LLC bought a new position in shares of TXO Partners during the third quarter valued at approximately $639,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of TXO Partners during the third quarter valued at approximately $559,000. Glenmede Trust Co. NA increased its stake in shares of TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after purchasing an additional 19,241 shares in the last quarter. Finally, Clear Street Derivatives LLC bought a new position in shares of TXO Partners during the third quarter valued at approximately $8,059,000. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

TXO Partners Price Performance

Shares of NYSE TXO opened at $19.03 on Friday. TXO Partners, L.P. has a fifty-two week low of $15.22 and a fifty-two week high of $23.56. The company has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $17.81. The company has a market capitalization of $778.35 million, a price-to-earnings ratio of -3.20 and a beta of 0.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.

Insider Buying and Selling at TXO Partners

In other news, Director Keith A. Hutton purchased 60,000 shares of TXO Partners stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $16.04 per share, with a total value of $962,400.00. Following the completion of the transaction, the director now directly owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Adams III purchased 14,000 shares of TXO Partners stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of $16.93 per share, with a total value of $237,020.00. Following the transaction, the director now directly owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This represents a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 75,500 shares of company stock valued at $1,223,690.

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.