TXO Partners (NYSE:TXO) Director Purchases $865,814.40 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 65,592 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of $13.20 per share, with a total value of $865,814.40. Following the acquisition, the director directly owned 8,400,000 shares of the company’s stock, valued at $110,880,000. This trade represents a 0.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Trading Down 3.5%

Shares of TXO traded down $0.47 during mid-day trading on Wednesday, reaching $12.84. The stock had a trading volume of 215,810 shares, compared to its average volume of 214,291. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $16.26. The business’s fifty day moving average is $12.62 and its 200 day moving average is $12.19. The firm has a market cap of $709.04 million, a price-to-earnings ratio of -6.98 and a beta of 0.02.

TXO Partners (NYSE:TXO) last announced its 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). The company had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. On average, sell-side analysts predict that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 11.2%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s payout ratio is -78.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TXO. Hsbc Holdings PLC purchased a new position in shares of TXO Partners in the second quarter valued at approximately $380,000. M&T Bank Corp boosted its stake 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 purchasing an additional 5,000 shares during the period. First Trust Advisors LP purchased a new position in shares of TXO Partners in the second quarter valued at approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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. Finally, Raymond James Financial Inc. boosted its stake in shares of TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after purchasing an additional 85,684 shares during the period. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

TXO has been the subject of several research analyst reports. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Stifel Nicolaus increased their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.50.

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.