TXO Partners (NYSE:TXO) Director Bob Simpson Buys 104,451 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 104,451 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $13.77 per share, with a total value of $1,438,290.27. Following the completion of the transaction, the director owned 8,300,000 shares of the company’s stock, valued at approximately $114,291,000. This represents a 1.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

TXO Partners Stock Performance

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

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

TXO Partners Increases Dividend

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

Institutional Trading of TXO Partners

Several institutional investors have recently modified their holdings of TXO. Royal Bank of Canada grew its stake in shares of TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after purchasing an additional 1,303 shares during the last quarter. State of Wyoming bought a new stake in shares of TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners in the fourth quarter worth $49,000. Fund Advisors of America Inc FL bought a new stake in shares of TXO Partners in the fourth quarter worth $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of TXO Partners by 243.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock worth $117,000 after purchasing an additional 7,779 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXO. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Stifel Nicolaus boosted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. 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 given a Sell rating to the company. Based on data from MarketBeat, TXO Partners has a consensus rating of “Moderate Buy” and an average target price of $18.50.

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.