Energy Income Partners LLC Increases Stake in TXO Partners LP $TXO

Energy Income Partners LLC lifted its holdings in shares of TXO Partners LP (NYSE:TXO) by 27.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,449,028 shares of the company’s stock after purchasing an additional 312,120 shares during the period. Energy Income Partners LLC’s holdings in TXO Partners were worth $18,229,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TXO. Royal Bank of Canada boosted its position in TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after buying an additional 1,303 shares during the period. State of Wyoming purchased a new position in shares of TXO Partners in the second quarter worth about $45,000. Kestra Advisory Services LLC purchased a new position in shares of TXO Partners in the fourth quarter worth about $49,000. M&T Bank Corp lifted its stake in shares of TXO Partners by 33.3% in the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of TXO Partners by 2.0% in the 3rd quarter. Raymond James Financial Inc. now owns 311,151 shares of the company’s stock valued at $4,372,000 after acquiring an additional 6,171 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

TXO has been the subject of several analyst reports. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Zacks Research lowered TXO Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.50.

Insider Activity at TXO Partners

In related news, Director Bob R. Simpson purchased 63,282 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $12.64 per share, for a total transaction of $799,884.48. Following the purchase, the director directly owned 9,100,000 shares of the company’s stock, valued at approximately $115,024,000. This represents a 0.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 2,360,000 shares of company stock valued at $31,077,413.

TXO Partners Stock Down 1.7%

TXO stock opened at $12.91 on Tuesday. The business’s 50 day moving average price is $12.99 and its two-hundred day moving average price is $12.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $713.37 million, a price-to-earnings ratio of -7.02 and a beta of 0.07. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $15.49.

TXO Partners (NYSE:TXO) last announced its quarterly earnings data on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The firm had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, analysts forecast that TXO Partners LP will post 0.13 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, May 22nd. Stockholders of record on Friday, May 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.2%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s payout ratio is presently -78.26%.

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.