TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 245,549 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 245,549 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $13.70 per share, for a total transaction of $3,364,021.30. Following the purchase, the director directly owned 8,195,549 shares of the company’s stock, valued at $112,279,021.30. The trade was a 3.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TXO Partners Price Performance

TXO opened at $13.30 on Wednesday. The business’s 50-day moving average is $12.62 and its two-hundred day moving average is $12.19. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $734.73 million, a PE ratio of -7.23 and a beta of 0.02.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. Research analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were issued a $0.36 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s dividend payout ratio is presently -78.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TXO shares. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus boosted their price target on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Hedge Funds Weigh In On TXO Partners

Several hedge funds have recently made changes to their positions in the company. Global Endowment Management LP increased 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 valued at $37,739,000 after acquiring an additional 952,257 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after acquiring an additional 226,600 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of TXO Partners in the 3rd quarter valued at $25,402,000. Energy Income Partners LLC boosted its position in TXO Partners by 27.5% in 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TXO Partners by 5.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after buying an additional 35,990 shares during the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

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.