TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 34,408 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 34,408 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $13.27 per share, for a total transaction of $456,594.16. Following the completion of the transaction, the director owned 8,334,408 shares in the company, valued at $110,597,594.16. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TXO Partners Stock Down 3.0%

NYSE:TXO opened at $13.30 on Wednesday. The firm’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. TXO Partners LP has a one year low of $10.12 and a one year high of $16.26. The company has a market cap of $734.73 million, a PE ratio of -7.23 and a beta of 0.02.

TXO Partners (NYSE:TXO) last released its quarterly 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 return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. On average, research analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 10.8%. The ex-dividend date was Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Wall Street Analysts Forecast Growth

TXO has been the subject of several analyst reports. 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 report on Wednesday, April 29th. Stifel Nicolaus raised their price target on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, TXO Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Trading of TXO Partners

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming bought a new stake in TXO Partners during the 2nd quarter valued at $45,000. Kestra Advisory Services LLC bought a new stake in TXO Partners during the 4th quarter valued at $49,000. Fund Advisors of America Inc FL bought a new stake in TXO Partners during the 4th quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in TXO Partners by 243.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after purchasing an additional 7,779 shares in the last quarter. Institutional investors 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.