Bob Simpson Purchases 36,718 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 36,718 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of $12.55 per share, with a total value of $460,810.90. Following the completion of the transaction, the director directly owned 9,036,718 shares of the company’s stock, valued at $113,410,810.90. This represents a 0.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TXO Partners Stock Up 0.4%

TXO opened at $12.38 on Friday. The business’s fifty day simple moving average is $12.79 and its 200 day simple moving average is $12.20. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $15.55. 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 stock has a market cap of $684.15 million, a PE ratio of -6.73 and a beta of 0.06.

TXO Partners (NYSE:TXO) last issued 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. As a group, research analysts expect that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

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

Analyst Upgrades and Downgrades

TXO has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Trading of TXO Partners

A number of institutional investors have recently made changes to their positions in TXO. Royal Bank of Canada grew its holdings 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 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. M&T Bank Corp boosted its position in TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after buying an additional 5,000 shares during the period. Finally, Raymond James Financial Inc. boosted its position in TXO Partners by 2.0% during the 3rd quarter. Raymond James Financial Inc. now owns 311,151 shares of the company’s stock valued at $4,372,000 after buying an additional 6,171 shares during the period. Hedge funds and other 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.