TXO Partners (NYSE:TXO) Shares Gap Down – Time to Sell?

TXO Partners LP (NYSE:TXO) gapped down prior to trading on Tuesday . The stock had previously closed at $12.67, but opened at $12.23. TXO Partners shares last traded at $12.23, with a volume of 73,146 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TXO. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Stifel Nicolaus increased their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James Financial set a $18.00 target price on shares of TXO Partners in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Stock Performance

The firm has a market capitalization of $674.76 million, a price-to-earnings ratio of -28.41 and a beta of 0.10. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $11.77 and its 200-day moving average is $12.61.

TXO Partners (NYSE:TXO) last posted its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The company had revenue of $125.93 million for the quarter, compared to the consensus estimate of $111.09 million. TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%. On average, analysts predict that TXO Partners LP will post 1.02 EPS for the current fiscal year.

TXO Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Tuesday, March 10th. TXO Partners’s dividend payout ratio is presently -325.58%.

Insider Buying and Selling at TXO Partners

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

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently made changes to their positions in TXO. Royal Bank of Canada raised its position in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares during the last quarter. State of Wyoming bought a new stake in TXO Partners in the second quarter valued at approximately $45,000. Arlington Trust Co LLC acquired a new stake in TXO Partners during the 3rd quarter valued at approximately $56,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the 4th quarter worth approximately $49,000. Finally, CWM LLC raised its holdings in TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.