TXO Partners (NYSE:TXO) Director Buys $767,165.67 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 58,251 shares of TXO Partners stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $13.17 per share, with a total value of $767,165.67. Following the completion of the acquisition, the director directly owned 7,859,848 shares in the company, valued at approximately $103,514,198.16. This trade represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

TXO Partners Price Performance

TXO stock traded down $0.18 during midday trading on Wednesday, hitting $13.24. 197,901 shares of the stock were exchanged, compared to its average volume of 212,576. The stock’s 50-day moving average price is $12.50 and its 200-day moving average price is $12.18. The stock has a market cap of $731.20 million, a price-to-earnings ratio of -7.19 and a beta of 0.02. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $16.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $110.71 million. Research analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.9%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 15th. TXO Partners’s payout ratio is presently -78.26%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TXO. Stifel Nicolaus boosted their price target on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. One investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global Endowment Management LP grew its position in shares of TXO Partners by 54.9% in the third quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after purchasing an additional 952,257 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of TXO Partners by 12.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after purchasing an additional 226,600 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of TXO Partners in the third quarter valued at $25,402,000. Energy Income Partners LLC grew its position in shares of TXO Partners by 27.5% in the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after purchasing an additional 312,120 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TXO Partners by 5.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after purchasing an additional 35,990 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.