Wealthedge Investment Advisors LLC Acquires 88,992 Shares of TXO Partners LP $TXO

Wealthedge Investment Advisors LLC lifted its stake in shares of TXO Partners LP (NYSE:TXO) by 100.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,906 shares of the company’s stock after purchasing an additional 88,992 shares during the period. Wealthedge Investment Advisors LLC owned 0.32% of TXO Partners worth $2,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. State of Wyoming bought a new position in shares of TXO Partners during the second quarter worth approximately $45,000. Arlington Trust Co LLC acquired a new stake in shares of TXO Partners in the 3rd quarter valued at $56,000. CWM LLC grew its position in TXO Partners by 5,389.0% in the third quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after acquiring an additional 5,389 shares during the last quarter. Corient Private Wealth LLC acquired a new position in TXO Partners during the 2nd quarter worth approximately $150,000. Finally, Arrow Investment Advisors LLC bought a new position in shares of TXO Partners in the 3rd quarter valued at $162,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Price Performance

Shares of NYSE TXO opened at $12.50 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.48. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $20.24. The stock has a market cap of $684.75 million, a PE ratio of -29.07 and a beta of 0.13. The stock has a fifty day moving average of $11.52 and a 200-day moving average of $12.69.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.67). TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.02%. The business had revenue of $125.93 million for the quarter, compared to the consensus estimate of $111.09 million. Equities research analysts anticipate that TXO Partners LP will post 1.02 earnings per share for the current year.

TXO Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, March 10th. TXO Partners’s dividend payout ratio is 350.00%.

Analyst Upgrades and Downgrades

TXO has been the subject of several recent research reports. Raymond James Financial set a $18.00 price target on TXO Partners in a research note on Tuesday, January 27th. Weiss Ratings lowered TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.50.

Insider Activity at TXO Partners

In other news, CAO Scott T. Agosta sold 10,689 shares of TXO Partners stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $129,016.23. Following the completion of the sale, the chief accounting officer directly owned 205,474 shares of the company’s stock, valued at approximately $2,480,071.18. The trade was a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary D. Simpson sold 8,126 shares of the company’s stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $98,080.82. Following the completion of the transaction, the chief executive officer owned 608,252 shares of the company’s stock, valued at $7,341,601.64. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,386 shares of company stock valued at $463,319 over the last three months.

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.