TXO Partners (NYSE:TXO) Cut to “Sell” at Wall Street Zen

TXO Partners (NYSE:TXO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on the stock. Stifel Nicolaus raised their target price 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. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Raymond James Financial reiterated 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 issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TXO Partners presently has an average rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Stock Up 0.3%

TXO stock opened at $12.53 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $12.80 and a two-hundred day moving average price of $12.21. The company has a market cap of $692.16 million, a price-to-earnings ratio of -6.81 and a beta of 0.06. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.55.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share 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 company had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. Analysts anticipate that TXO Partners will post 0.2 EPS for the current fiscal year.

Insider Activity at TXO Partners

In other news, Director Bob R. Simpson bought 500,000 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $12.67 per share, for a total transaction of $6,335,000.00. Following the completion of the purchase, the director owned 7,500,000 shares in the company, valued at approximately $95,025,000. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 2,360,000 shares of company stock valued at $31,077,413 over the last 90 days.

Institutional Trading of TXO Partners

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew 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 buying an additional 1,303 shares in the last quarter. State of Wyoming acquired a new stake in shares of TXO Partners during the second quarter worth $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners in the fourth quarter valued at about $49,000. M&T Bank Corp boosted its position in shares of TXO Partners by 33.3% in the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after acquiring an additional 5,000 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of TXO Partners by 2.0% in the third quarter. Raymond James Financial Inc. now owns 311,151 shares of the company’s stock valued at $4,372,000 after acquiring an additional 6,171 shares during the period. 27.44% of the stock is currently owned by institutional investors.

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.