TXO Partners (NYSE:TXO) Stock Price Up 1.5% – Time to Buy?

Shares of TXO Partners LP (NYSE:TXO) rose 1.5% during mid-day trading on Wednesday . The company traded as high as $11.95 and last traded at $11.8250. Approximately 280,779 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 195,695 shares. The stock had previously closed at $11.65.

Wall Street Analysts Forecast Growth

TXO has been the subject of a number of analyst reports. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Stifel Nicolaus dropped their price objective on TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings downgraded shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Finally, Raymond James Financial set a $18.00 price target on shares of TXO Partners in a research note on Tuesday. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

TXO Partners Trading Up 1.5%

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $647.77 million, a price-to-earnings ratio of 29.56 and a beta of 0.14. The business has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $13.07.

TXO Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date was Friday, November 14th. TXO Partners’s payout ratio is presently 350.00%.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds have recently made changes to their positions in TXO. King Luther Capital Management Corp grew its stake in shares of TXO Partners by 19.9% during the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock valued at $46,200,000 after buying an additional 510,266 shares during the period. Global Endowment Management LP raised its position in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after buying an additional 952,257 shares during the period. CIBC Bancorp USA Inc. acquired a new position in TXO Partners in the third quarter valued at $25,402,000. CIBC Private Wealth Group LLC grew its position in TXO Partners by 3.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,807,967 shares of the company’s stock valued at $25,402,000 after acquiring an additional 52,903 shares during the period. Finally, American Century Companies Inc. grew its position in TXO Partners by 40.7% during the second quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock valued at $22,418,000 after acquiring an additional 431,234 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.