Bob Simpson Acquires 63,282 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 63,282 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $12.64 per share, with a total value of $799,884.48. Following the completion of the acquisition, the director owned 9,100,000 shares of the company’s stock, valued at approximately $115,024,000. This represents a 0.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TXO Partners Stock Performance

Shares of TXO opened at $12.38 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $684.15 million, a price-to-earnings ratio of -6.73 and a beta of 0.06. The company’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $12.20. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $15.55.

TXO Partners (NYSE:TXO) last released 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 firm 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%. On average, sell-side analysts predict that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.6%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, May 15th. TXO Partners’s payout ratio is -78.26%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXO. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus upped their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One equities research 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Trading of TXO Partners

Several institutional investors have recently made changes to their positions in TXO. Royal Bank of Canada increased its holdings in shares of TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,303 shares during the last quarter. State of Wyoming purchased a new position in shares of TXO Partners in the 2nd quarter worth about $45,000. Kestra Advisory Services LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at about $49,000. Corient Private Wealth LLC purchased a new stake in shares of TXO Partners during the 2nd quarter worth about $150,000. Finally, Fund Advisors of America Inc FL purchased a new stake in shares of TXO Partners during the 4th quarter worth about $115,000. 27.44% of the stock is owned by hedge funds and other 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.