Bob Simpson Purchases 65,592 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 65,592 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of $13.20 per share, with a total value of $865,814.40. Following the purchase, the director directly owned 8,400,000 shares of the company’s stock, valued at approximately $110,880,000. The trade was a 0.79% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TXO Partners Price Performance

Shares of NYSE TXO opened at $12.94 on Friday. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26. The firm has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $12.19. The company has a market capitalization of $714.92 million, a PE ratio of -7.03 and a beta of 0.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last announced 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). 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, sell-side analysts forecast that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 11.1%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s payout ratio is presently -78.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TXO. 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 report on Friday, March 6th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research 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. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TXO. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% in 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 during the period. State of Wyoming purchased a new stake in shares of TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC bought a new stake in TXO Partners during the fourth quarter valued at $49,000. Fund Advisors of America Inc FL bought a new stake in TXO Partners during the fourth quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in TXO Partners by 243.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after buying an additional 7,779 shares during the period. 27.44% of the stock is owned by institutional investors.

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.