TXO Partners (NYSE:TXO) Director Bob Simpson Buys 369,153 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 369,153 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $13.91 per share, with a total value of $5,134,918.23. Following the transaction, the director owned 9,000,000 shares of the company’s stock, valued at approximately $125,190,000. This represents a 4.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Stock Performance

TXO Partners stock opened at $13.50 on Thursday. The stock has a market cap of $745.74 million, a PE ratio of -7.34 and a beta of 0.06. The stock has a 50-day moving average price of $12.68 and a 200 day moving average price of $12.17. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts predict that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 10.7%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently made changes to their positions in TXO. CIBC Bancorp USA Inc. acquired a new stake in shares of TXO Partners during the 3rd quarter valued at approximately $25,402,000. Global Endowment Management LP grew its stake in TXO Partners by 54.9% during the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after buying an additional 952,257 shares during the last quarter. JPMorgan Chase & Co. bought a new position in TXO Partners during the 4th quarter worth $5,586,000. First Trust Advisors LP acquired a new position in TXO Partners during the 2nd quarter worth $5,830,000. Finally, Energy Income Partners LLC boosted its position in TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after acquiring an additional 312,120 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TXO. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Stifel Nicolaus lifted their price objective on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One equities 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.