TXO Partners LP $TXO Shares Purchased by ING Groep NV

ING Groep NV lifted its holdings in TXO Partners LP (NYSE:TXO) by 149.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 404,000 shares of the company’s stock after purchasing an additional 242,000 shares during the quarter. ING Groep NV’s holdings in TXO Partners were worth $5,676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. State of Wyoming purchased a new stake in shares of TXO Partners in the second quarter valued at approximately $45,000. Arlington Trust Co LLC purchased a new position in shares of TXO Partners during the 3rd quarter valued at approximately $56,000. CWM LLC grew its stake in TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after acquiring an additional 5,389 shares during the period. Corient Private Wealth LLC acquired a new stake in TXO Partners in the 2nd quarter valued at $150,000. Finally, Apollon Wealth Management LLC purchased a new stake in TXO Partners in the 2nd quarter worth $152,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

TXO has been the topic of several recent analyst reports. Raymond James Financial set a $18.00 price objective on shares of TXO Partners in a report on Tuesday, January 27th. Stifel Nicolaus reduced their price target on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Weiss Ratings cut TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

TXO Partners Price Performance

TXO Partners stock opened at $12.63 on Friday. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $20.70. The firm has a market capitalization of $691.98 million, a price-to-earnings ratio of 31.58 and a beta of 0.13. The company has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $12.87. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other TXO Partners news, CEO Gary D. Simpson sold 8,126 shares of the firm’s stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $98,080.82. Following the transaction, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at $7,341,601.64. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brent W. Clum sold 19,571 shares of the business’s stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $236,221.97. Following the transaction, the chief executive officer owned 827,574 shares in the company, valued at approximately $9,988,818.18. This represents a 2.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 38,386 shares of company stock worth $463,319.

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.