TXO Partners LP $TXO Shares Sold by Global Endowment Management LP

Global Endowment Management LP reduced its position in shares of TXO Partners LP (NYSE:TXO) by 30.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,868,298 shares of the company’s stock after selling 817,719 shares during the period. TXO Partners accounts for approximately 2.5% of Global Endowment Management LP’s holdings, making the stock its 10th largest position. Global Endowment Management LP’s holdings in TXO Partners were worth $19,934,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in TXO Partners during the fourth quarter valued at approximately $49,000. First Trust Advisors LP raised its position in TXO Partners by 13.7% during the fourth quarter. First Trust Advisors LP now owns 506,720 shares of the company’s stock valued at $5,407,000 after purchasing an additional 61,209 shares in the last quarter. Boston Partners acquired a new position in TXO Partners during the fourth quarter valued at approximately $271,000. HRT Financial LP acquired a new position in TXO Partners during the fourth quarter valued at approximately $261,000. Finally, CIBC Private Wealth Group LLC raised its position in TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after purchasing an additional 226,600 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

TXO Partners Stock Up 1.1%

Shares of NYSE TXO opened at $13.20 on Friday. The company has a 50 day simple moving average of $12.76 and a 200 day simple moving average of $12.19. The firm has a market cap of $729.21 million, a PE ratio of -7.17 and a beta of 0.06. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

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). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. On average, research analysts forecast that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were given a $0.36 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 10.9%. TXO Partners’s dividend payout ratio is currently -78.26%.

Insider Transactions at TXO Partners

In other TXO Partners news, Director Bob R. Simpson acquired 500,000 shares of TXO Partners stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the completion of the purchase, the director directly owned 7,500,000 shares in the company, valued at $95,025,000. This trade represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have purchased 2,260,000 shares of company stock valued at $29,816,717.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXO. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Stifel Nicolaus upped their price target on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, TXO Partners presently has an average rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners 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.