TXO Partners (NYSE:TXO) Reaches New 12-Month High – Here’s What Happened

Shares of TXO Partners LP (NYSE:TXO) reached a new 52-week high on Tuesday . The stock traded as high as $15.27 and last traded at $15.1940, with a volume of 258996 shares changing hands. The stock had previously closed at $15.06.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded TXO Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings upgraded TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $18.50.

TXO Partners Stock Up 1.5%

The firm has a fifty day moving average price of $13.58 and a 200 day moving average price of $13.00. The firm has a market capitalization of $847.78 million, a price-to-earnings ratio of -19.73 and a beta of 0.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The company had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. Sell-side analysts anticipate that TXO Partners LP will post 0.58 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were issued a $0.40 dividend. This is a positive change 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 10.5%. The ex-dividend date of this dividend was Friday, August 14th. TXO Partners’s dividend payout ratio (DPR) is presently -207.79%.

Insider Transactions at TXO Partners

In related news, Director Bob Simpson acquired 125,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the acquisition, the director directly owned 9,500,000 shares in the company, valued at $136,040,000. The trade was a 1.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have bought 500,000 shares of company stock worth $6,898,945.

Hedge Funds Weigh In On TXO Partners

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of TXO Partners in the fourth quarter valued at approximately $5,586,000. First Trust Advisors LP acquired a new position in TXO Partners during the 2nd quarter worth $5,830,000. Pin Oak Investment Advisors Inc. acquired a new position in TXO Partners during the 2nd quarter worth $4,469,000. Energy Income Partners LLC boosted its position in TXO Partners by 27.5% in the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after buying an additional 312,120 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after buying an additional 270,465 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.