TXO Partners (NYSE:TXO) Shares Gap Down – Should You Sell?

TXO Partners LP (NYSE:TXO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $10.99, but opened at $10.60. TXO Partners shares last traded at $10.63, with a volume of 4,117 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXO. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Stifel Nicolaus cut their target price on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Raymond James Financial reduced their price target on TXO Partners from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TXO Partners in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

TXO Partners Trading Down 2.5%

The business’s fifty day moving average is $12.18 and its 200 day moving average is $13.58. The firm has a market capitalization of $566.47 million, a price-to-earnings ratio of 25.87 and a beta of 0.14. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37.

TXO Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were issued a $0.35 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 13.5%. TXO Partners’s dividend payout ratio (DPR) is presently 350.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of TXO Partners by 0.8% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 181,500 shares of the company’s stock valued at $2,550,000 after buying an additional 1,500 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of TXO Partners by 17.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 11,845 shares of the company’s stock valued at $166,000 after purchasing an additional 1,747 shares during the period. State of Wyoming bought a new position in TXO Partners during the second quarter worth about $45,000. Atria Wealth Solutions Inc. increased its position in TXO Partners by 25.0% during the second quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company’s stock worth $229,000 after buying an additional 3,000 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of TXO Partners in the third quarter valued at approximately $56,000. 27.44% of the stock is currently owned by institutional investors.

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.