TXO Partners (NYSE:TXO) Sets New 1-Year High – What’s Next?

TXO Partners LP (NYSE:TXO) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.76 and last traded at $14.67, with a volume of 109499 shares trading hands. The stock had previously closed at $14.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TXO Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

TXO Partners Trading Up 3.2%

The firm has a market capitalization of $803.80 million, a P/E ratio of -18.95 and a beta of 0.04. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $13.20 and a 200-day moving average of $12.87.

TXO Partners (NYSE:TXO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.96. The firm had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. On average, equities research analysts predict that TXO Partners LP will post 0.58 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.0%. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, August 14th. TXO Partners’s payout ratio is presently -207.79%.

Insiders Place Their Bets

In other news, Director Bob R. Simpson acquired 125,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the completion of the transaction, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,100,000 shares of company stock worth $15,129,522 over the last three months.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $380,000. M&T Bank Corp lifted its stake 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 purchasing an additional 5,000 shares during the last quarter. First Trust Advisors LP bought a new stake in TXO Partners during the second quarter worth $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TXO Partners by 5.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after purchasing an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of TXO Partners by 39.1% in the 2nd quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after purchasing an additional 85,684 shares during the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.