TXO Partners LP $TXO Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its position in TXO Partners LP (NYSE:TXO) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 1,807,967 shares of the company’s stock after buying an additional 52,903 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in TXO Partners were worth $25,402,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of TXO Partners by 0.8% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 181,500 shares of the company’s stock worth $2,550,000 after buying an additional 1,500 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of TXO Partners by 17.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 11,845 shares of the company’s stock valued at $166,000 after buying an additional 1,747 shares during the period. State of Wyoming acquired a new position in TXO Partners during the 2nd quarter worth about $45,000. Arlington Trust Co LLC acquired a new position in TXO Partners during the 3rd quarter worth about $56,000. Finally, M&T Bank Corp boosted its holdings in TXO Partners by 33.3% during 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 period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TXO Partners news, CEO Gary D. Simpson sold 8,126 shares of the stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $98,080.82. Following the sale, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brent W. Clum sold 19,571 shares of the firm’s stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $236,221.97. Following the completion of the sale, the chief executive officer owned 827,574 shares in the company, valued at $9,988,818.18. The trade was a 2.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,386 shares of company stock worth $463,319 over the last 90 days.

TXO Partners Trading Up 2.4%

TXO opened at $12.60 on Friday. The business has a fifty day moving average price of $12.06 and a 200 day moving average price of $12.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.62 and a quick ratio of 0.62. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $20.08. The stock has a market capitalization of $696.02 million, a price-to-earnings ratio of -29.30 and a beta of 0.10.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The company had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.03%. Sell-side analysts expect that TXO Partners LP will post 1.02 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 annualized dividend and a yield of 9.5%. TXO Partners’s dividend payout ratio (DPR) is -279.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Raymond James Financial set a $18.00 price objective on shares of TXO Partners in a report on Tuesday, January 27th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.