TXO Partners (NYSE:TXO) Director Buys $767,165.67 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 58,251 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $13.17 per share, for a total transaction of $767,165.67. Following the completion of the acquisition, the director owned 7,859,848 shares of the company’s stock, valued at $103,514,198.16. This trade represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TXO Partners Stock Down 0.4%

TXO Partners stock opened at $13.69 on Friday. The firm has a market cap of $756.40 million, a price-to-earnings ratio of -7.44 and a beta of 0.02. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26. The business’s 50-day moving average price is $12.57 and its 200 day moving average price is $12.20. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The company had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, sell-side analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were paid a $0.36 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.44 annualized dividend and a dividend yield of 10.5%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is presently -78.26%.

Institutional Trading of TXO Partners

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in TXO Partners by 100.2% in the fourth 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 acquired a new stake in TXO Partners in the second quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new stake in TXO Partners in the fourth quarter valued at approximately $49,000. M&T Bank Corp grew its holdings in TXO Partners by 33.3% in the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after purchasing an additional 5,000 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in TXO Partners by 2.0% in the third quarter. Raymond James Financial Inc. now owns 311,151 shares of the company’s stock valued at $4,372,000 after purchasing an additional 6,171 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TXO Partners presently has a consensus rating of “Moderate Buy” and a consensus 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.