TXO Partners (NYSE:TXO) Stock Rating Upgraded by Zacks Research

TXO Partners (NYSE:TXO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, TXO Partners currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $13.56 on Tuesday. The firm has a market capitalization of $749.33 million, a price-to-earnings ratio of -7.37 and a beta of 0.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day simple moving average is $12.95 and its 200-day simple moving average is $12.61. TXO Partners has a 12 month low of $10.12 and a 12 month high of $15.35.

TXO Partners (NYSE:TXO) last posted its earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The company had revenue of $150.87 million for the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, equities analysts forecast that TXO Partners will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Bob R. Simpson purchased 500,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the completion of the purchase, the director directly owned 7,500,000 shares in the company, valued at approximately $95,025,000. This trade represents a 7.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 2,272,365 shares of company stock worth $29,988,110 over the last ninety days.

Institutional Trading of TXO Partners

Several institutional investors have recently made changes to their positions in the stock. ING Groep NV boosted its position in shares of TXO Partners by 24.8% in the fourth quarter. ING Groep NV now owns 504,000 shares of the company’s stock worth $5,378,000 after buying an additional 100,000 shares during the period. Energy Income Partners LLC raised its holdings in shares of TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after buying an additional 312,120 shares during the period. Marathon Capital Management raised its holdings in shares of TXO Partners by 400.0% during the 4th quarter. Marathon Capital Management now owns 50,000 shares of the company’s stock valued at $534,000 after buying an additional 40,000 shares during the period. Glenmede Trust Co. NA lifted its position in TXO Partners by 33.1% during the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock worth $1,314,000 after acquiring an additional 26,000 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after acquiring an additional 270,465 shares during the period. 27.44% of the stock is owned by hedge funds and other 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.