Gary Simpson Sells 27,234 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) CEO Gary Simpson sold 27,234 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total value of $337,156.92. Following the completion of the transaction, the chief executive officer directly owned 581,018 shares of the company’s stock, valued at approximately $7,193,002.84. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Stock Performance

Shares of NYSE:TXO traded up $0.13 during trading on Thursday, hitting $12.51. 32,947 shares of the stock were exchanged, compared to its average volume of 212,971. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $18.91. The company has a market capitalization of $691.00 million, a price-to-earnings ratio of -29.09 and a beta of 0.04. The company’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $12.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.62 and a current ratio of 0.62.

TXO Partners (NYSE:TXO) last issued its earnings results on Thursday, February 26th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The firm had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.03%. Sell-side analysts expect that TXO Partners LP will post 1.02 EPS for the current fiscal year.

TXO Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.6%. TXO Partners’s dividend payout ratio is currently -279.07%.

Institutional Trading of TXO Partners

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares in the last quarter. State of Wyoming acquired a new position in TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners during the fourth quarter worth $49,000. Arlington Trust Co LLC bought a new stake in shares of TXO Partners during the third quarter worth $56,000. Finally, CWM LLC increased its stake in shares of TXO Partners by 5,389.0% in the third quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after buying an additional 5,389 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Ratings Changes

TXO has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings cut shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Raymond James Financial set a $18.00 target price on TXO Partners in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TXO Partners presently has an average rating of “Moderate Buy” and an average target price 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.