Insider Buying: TXO Partners (NYSE:TXO) Director Acquires 125,000 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 125,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of $14.32 per share, with a total value of $1,790,000.00. Following the acquisition, the director owned 9,500,000 shares of the company’s stock, valued at approximately $136,040,000. The trade was a 1.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

TXO Partners Stock Performance

Shares of TXO traded down $0.27 during trading hours on Thursday, reaching $14.17. 360,960 shares of the company traded hands, compared to its average volume of 144,340. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.83. The business has a fifty day moving average price of $13.05 and a 200-day moving average price of $12.74.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The company had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. On average, sell-side analysts predict that TXO Partners LP will post 0.13 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a $0.40 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners’s dividend payout ratio is currently -187.01%.

Institutional Investors Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in shares of TXO Partners in the 2nd quarter valued at about $380,000. M&T Bank Corp grew its holdings in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after acquiring an additional 5,000 shares during the period. First Trust Advisors LP purchased a new position in TXO Partners during the second quarter valued at approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TXO Partners by 5.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after acquiring an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after acquiring an additional 85,684 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TXO. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of TXO Partners in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.