Bob Simpson Buys 58,251 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 58,251 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $13.17 per share, for a total transaction of $767,165.67. Following the completion of the transaction, the director owned 7,859,848 shares in the company, valued at approximately $103,514,198.16. The trade was a 0.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TXO Partners Stock Up 4.1%

Shares of TXO Partners stock opened at $13.77 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $16.26. The company has a market cap of $760.82 million, a P/E ratio of -7.49 and a beta of 0.02. The company’s fifty day simple moving average is $12.54 and its two-hundred day simple moving average is $12.19.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. Research analysts anticipate 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 $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 10.5%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Institutional Investors Weigh In On TXO Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. bought a new position in shares of TXO Partners during the third quarter valued at approximately $25,402,000. Global Endowment Management LP boosted 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 purchasing an additional 952,257 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TXO Partners in the 4th quarter worth approximately $5,586,000. First Trust Advisors LP purchased a new stake in shares of TXO Partners in the 2nd quarter worth approximately $5,830,000. Finally, Energy Income Partners LLC increased its position in TXO Partners by 27.5% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TXO shares. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Stifel Nicolaus lifted their price target on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.