TXO Partners (NYSE:TXO) Sets New 52-Week Low – What’s Next?

Shares of TXO Partners LP (NYSE:TXO) hit a new 52-week low during trading on Tuesday . The company traded as low as $10.44 and last traded at $10.55, with a volume of 483303 shares trading hands. The stock had previously closed at $10.55.

Analyst Ratings Changes

Several research analysts have commented on TXO shares. Raymond James Financial cut their price objective on TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, September 9th. Stifel Nicolaus dropped their target price on TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of TXO Partners in a research report on Monday, December 22nd. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, TXO Partners presently has an average rating of “Moderate Buy” and an average price target of $20.50.

TXO Partners Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a 50-day moving average price of $12.42 and a 200-day moving average price of $13.75. The firm has a market capitalization of $577.93 million, a PE ratio of 26.38 and a beta of 0.08.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.3%. TXO Partners’s dividend payout ratio (DPR) is presently 350.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in TXO Partners during the 2nd quarter worth $45,000. Arlington Trust Co LLC bought a new position in shares of TXO Partners during the third quarter worth about $56,000. CWM LLC grew its stake in TXO Partners by 5,389.0% in the third quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares in the last quarter. Corient Private Wealth LLC bought a new stake in TXO Partners in the second quarter valued at about $150,000. Finally, Apollon Wealth Management LLC acquired a new stake in TXO Partners during the second quarter valued at approximately $152,000. 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.