TXO Partners (NYSE:TXO) CEO Gary Simpson Sells 27,234 Shares

TXO Partners LP (NYSE:TXO) CEO Gary Simpson sold 27,234 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total transaction of $337,156.92. Following the transaction, the chief executive officer owned 581,018 shares in the company, valued at approximately $7,193,002.84. This trade represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TXO Partners Stock Up 1.0%

Shares of TXO Partners stock traded up $0.13 during midday trading on Thursday, reaching $12.51. 32,947 shares of the company’s stock traded hands, compared to its average volume of 212,971. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.62 and a current ratio of 0.62. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $18.91. The company’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $12.47. The company has a market cap of $691.00 million, a price-to-earnings ratio of -29.09 and a beta of 0.04.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The business had revenue of $125.93 million during 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%. Equities analysts expect that TXO Partners LP will post 1.02 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.6%. The ex-dividend date was Tuesday, March 10th. TXO Partners’s dividend payout ratio is -279.07%.

Hedge Funds Weigh In On TXO Partners

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares during the period. State of Wyoming bought a new position in shares of TXO Partners during the 2nd quarter worth about $45,000. Arlington Trust Co LLC acquired a new position in shares of TXO Partners during the third quarter valued at about $56,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners in the fourth quarter valued at about $49,000. Finally, CWM LLC lifted its stake in shares of 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 buying an additional 5,389 shares during the period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXO. Raymond James Financial set a $18.00 price objective on TXO Partners in a research note on Tuesday, January 27th. Stifel Nicolaus boosted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Weiss Ratings lowered TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

About TXO Partners

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.