Wealthedge Investment Advisors LLC Increases Holdings in TXO Partners LP $TXO

Wealthedge Investment Advisors LLC boosted its position in TXO Partners LP (NYSE:TXO) by 100.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,906 shares of the company’s stock after buying an additional 88,992 shares during the quarter. Wealthedge Investment Advisors LLC’s holdings in TXO Partners were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TXO. Simplex Trading LLC purchased a new stake in shares of TXO Partners in the 2nd quarter valued at $198,000. King Luther Capital Management Corp lifted its stake in TXO Partners by 19.9% in the second quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock worth $46,200,000 after purchasing an additional 510,266 shares during the last quarter. Boston Partners purchased a new stake in TXO Partners during the second quarter valued at about $178,000. American Century Companies Inc. grew its stake in shares of TXO Partners by 40.7% during the second quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock valued at $22,418,000 after buying an additional 431,234 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of TXO Partners during the second quarter valued at about $380,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXO. Weiss Ratings cut TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Raymond James Financial set a $18.00 price objective on TXO Partners in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

TXO Partners Stock Performance

Shares of TXO stock opened at $12.50 on Friday. The stock has a fifty day moving average of $11.52 and a 200 day moving average of $12.69. The firm has a market capitalization of $684.75 million, a price-to-earnings ratio of -29.07 and a beta of 0.13. 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 LP has a 52 week low of $10.12 and a 52 week high of $20.24.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.67). The firm had revenue of $125.93 million during the quarter, compared to analysts’ expectations of $111.09 million. TXO Partners had a negative return on equity of 2.02% and a negative net margin of 5.39%. As a group, research analysts expect that TXO Partners LP will post 1.02 earnings per share for the current year.

TXO Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 9.6%. TXO Partners’s dividend payout ratio (DPR) is 350.00%.

Insider Buying and Selling

In other news, CEO Gary D. Simpson sold 8,126 shares of the business’s stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $98,080.82. Following the completion of the transaction, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at $7,341,601.64. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brent W. Clum sold 19,571 shares of the stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $236,221.97. Following the transaction, the chief executive officer directly owned 827,574 shares in the company, valued at $9,988,818.18. The trade was a 2.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,386 shares of company stock worth $463,319 in the last three months.

TXO Partners 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.