TXO Partners (NYSE:TXO) Director Bob Simpson Buys 85,525 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 85,525 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $12.98 per share, for a total transaction of $1,110,114.50. Following the acquisition, the director directly owned 7,585,525 shares in the company, valued at approximately $98,460,114.50. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TXO Partners Trading Up 0.6%

Shares of TXO Partners stock opened at $13.04 on Friday. The firm has a market capitalization of $720.55 million, a PE ratio of -7.09 and a beta of 0.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $12.47 and its two-hundred day moving average price is $12.19. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $16.26.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The business had revenue of $28.28 million during the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. On average, analysts expect that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 11.0%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s payout ratio is currently -65.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXO shares. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Stifel Nicolaus increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Trading of TXO Partners

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after acquiring an additional 1,303 shares during the period. State of Wyoming acquired a new stake in shares of TXO Partners in the 2nd quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new stake in shares of TXO Partners in the 4th quarter valued at approximately $49,000. Arlington Trust Co LLC acquired a new stake in shares of TXO Partners in the 3rd quarter valued at approximately $56,000. Finally, CWM LLC raised its holdings in TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after buying an additional 5,389 shares during the period. 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.