Bob Simpson Buys 100,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 100,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $13.52 per share, for a total transaction of $1,352,000.00. Following the completion of the acquisition, the director owned 9,200,000 shares in the company, valued at $124,384,000. This trade represents a 1.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Trading Up 0.4%

TXO Partners stock opened at $14.43 on Thursday. The stock has a 50-day simple moving average of $13.04 and a 200 day simple moving average of $12.72. The stock has a market capitalization of $800.14 million, a P/E ratio of -18.74 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $14.83.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. Analysts expect that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be paid a $0.40 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.1%. TXO Partners’s dividend payout ratio (DPR) is currently -187.01%.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds have recently added to or reduced their stakes in the company. ING Groep NV increased its stake in TXO Partners by 24.8% during the 4th quarter. ING Groep NV now owns 504,000 shares of the company’s stock valued at $5,378,000 after purchasing an additional 100,000 shares in the last quarter. Energy Income Partners LLC boosted its position in shares of TXO Partners by 27.5% during the first 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. Marathon Capital Management raised its position in TXO Partners by 400.0% in the 4th quarter. Marathon Capital Management now owns 50,000 shares of the company’s stock valued at $534,000 after buying an additional 40,000 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of TXO Partners by 33.1% in the first quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock valued at $1,314,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in TXO Partners by 259.3% during the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after purchasing an additional 270,465 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TXO shares. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a report on Friday, August 7th. Finally, Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given 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 target price of $18.50.

About TXO Partners

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.