ING Groep NV Grows Stock Position in TXO Partners LP $TXO

ING Groep NV grew its holdings in TXO Partners LP (NYSE:TXO) by 149.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 404,000 shares of the company’s stock after acquiring an additional 242,000 shares during the quarter. ING Groep NV owned 0.74% of TXO Partners worth $5,676,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TXO. Apollon Wealth Management LLC purchased a new position in shares of TXO Partners in the 2nd quarter valued at approximately $152,000. Atria Wealth Solutions Inc. increased its stake in TXO Partners by 25.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company’s stock valued at $229,000 after purchasing an additional 3,000 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of TXO Partners in the second quarter worth $1,799,000. Simplex Trading LLC acquired a new stake in shares of TXO Partners during the second quarter worth $198,000. Finally, King Luther Capital Management Corp grew its holdings in shares of TXO Partners by 19.9% during the second quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock valued at $46,200,000 after buying an additional 510,266 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Stock Down 1.7%

Shares of TXO opened at $12.63 on Friday. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $20.70. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $691.98 million, a price-to-earnings ratio of 31.58 and a beta of 0.13. The stock’s 50-day moving average price is $11.30 and its 200-day moving average price is $12.87.

Insiders Place Their Bets

In other TXO Partners news, CAO Scott T. Agosta sold 10,689 shares of the company’s stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $129,016.23. Following the sale, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brent W. Clum sold 19,571 shares of TXO Partners stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $236,221.97. Following the transaction, the chief executive officer directly owned 827,574 shares of the company’s stock, valued at approximately $9,988,818.18. This trade represents a 2.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,386 shares of company stock worth $463,319.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXO shares. Raymond James Financial set a $18.00 target price on TXO Partners in a research note on Tuesday, January 27th. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Finally, Stifel Nicolaus decreased their price objective on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Company Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.