17. TXO Partners, L.P. (NYSE:TXO)
Number of Hedge Fund Holders: 2
TXO Partners, L.P. (NYSE:TXO) is included in our list of the 20 largest MLPs.
On March 19, 2026, Raymond James raised its price target on TXO Partners, L.P. (NYSE:TXO) from $18 to $23 while maintaining a Strong Buy rating on the company’s stock. The firm has followed changes in crude prices after the conflict with Iran and adjusted its estimates for the company’s stock accordingly. It has also incorporated TXO Partners, L.P. (NYSE:TXO)’s Cross Timbers divestitures into its adjustments.
Earlier, on March 10, 2026, TXO Partners, L.P. (NYSE:TXO) announced that its joint venture, Cross Timbers Energy, is divesting nearly all oil and gas assets to various private buyers for $200 million. The deal includes a $123.5 million sale to CTOC Energy, an entity owned by the company chairman’s family members. TXO Partners, L.P. (NYSE:TXO) anticipates a completion of the deal in Q2 2026. The transaction is expected to generate approximately $100 million, and the company intends to partially use it to fund a $70 million payment for its White Rock Energy acquisition. After the divestiture, the company will focus on the Williston, San Juan, and Permian basins.
Founded in 2012, TXO Partners, L.P. (NYSE:TXO) is an independent MLP focused on acquiring and developing oil and gas reserves. With headquarters in Texas, the company operates primarily in the Permian and San Juan Basins.
16. Dorchester Minerals, L.P. (NASDAQ:DMLP)
Number of Hedge Fund Holders: 3
Dorchester Minerals, L.P. (NASDAQ:DMLP) is included in our list of the 20 largest MLPs.
Dorchester Minerals, L.P. (NASDAQ:DMLP) has successfully resolved a litigation over the leasehold interests in Midland County, Texas. The settlement was finalized on March 12, 2026, and announced four days later. With the agreement, the company generated $15.5 million in proceeds for the Operating Partnership. The company will integrate these funds into the April 2026 net profits interest calculation, which will likely increase the distributable income for unitholders. Additionally, by settling this dispute in a premier oil-producing region, the partnership effectively reduces legal uncertainty over a key oil-producing region and clarifies near-term cash flow. It also strengthens the company’s royalty-based business model and increases visibility into upcoming distributions.
Prior to this, on February 27, 2026, Dorchester Minerals, L.P. (NASDAQ:DMLP) restored NASDAQ compliance by receiving confirmation for the newly appointed independent manager, A. Troy Sturrock, to serve on its board of managers and Advisory Committee. The compliance required at least 3 independent audit committee members, which was down to 2 at Dorchester Minerals, L.P. (NASDAQ:DMLP) earlier due to the passing of C.W. “Bill” Russell in November 2025.
Founded in 1982, Dorchester Minerals, L.P. (NASDAQ:DMLP) is a publicly traded partnership that owns oil and gas mineral, royalty, and net profits interests. The Texas-based company operates under an asset-light, royalty-focused business model that requires no capital expenditure for drilling operations.
